house shows have 2 purposes:
1) Entertain fans
2) Help wrestlers work a match with one another.
In regards to number 1, a house show would help.
However, there isn't much point in, say, Muhhummad Hassan wrestling Charlie Haas, as its unlikely these two wrestlers would actually wrestle each other in a "meaningful match."
I say, keep separate house shows.
It also helps keep the brands separate (obviously) and makes the WWE seem like its is two separate federations
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