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Format or wrestling-wise?
I think you might get two different answers in the end. Format-wise, probably the same as a best case scenario but wrestling or action-wise, probably worse since the amount of people who like that style of wrestling is a lot smaller these days.
Worst case is that style of show creates a NXT-like situation where the core audience is very old and the youth base is too shaky for future success. That's not a real problem for NXT since their success or failure doesn't rely on needing to build a brand new core audience and can just pool from WWE's existing audience for viewers.
Biggest problem for promotions these days is wrestling TV ratings have been going downwards for years and mainly due to WWE's stagnation and inability to improve as the leader of the industry. For better or worse, people currently associate wrestling with WWE so when WWE is terrible, tv wrestling in general suffers and will keep doing so until another WCW-like rival is around. AEW is still several years away of being that potential real rival while both ROH and Impact failed to ever reach that level.
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