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Besides what WWF Fan said about sticking to just 1 main champion, I'd go a bit further and have fewer titles but be exclusive to certain shows. Can keep the US and IC since each brand needs its signature title but everything else gets stuck to one brand only.
The initial split was able to easily support multiple titles per brand because the rosters were still bloated with WCW and ECW guys but not once the WWE trimmed them down to something more manageable. The brand exclusive ppvs showed after a while how this was becoming a problem since the divisions and belts were too watered down.
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