#3 Will Win: RAW and Smackdown Live generate steady, reliable revenue for WWE
Way back in 2001, massive upheaval gripped World Championship Wrestling. Ted Turner's company had merged into AOL/Time-Warner, and he lost direct control of his own network, TNT.
The new executives, not impressed with pro wrestling in general and tired of 'throwing good money after bad',' had been shopping WCW around for a possible sale.
A top AEW star just called one of his colleagues 'spoiled' and 'narcissistic' HERE.
Eric Bischoff got some financial backing and very nearly succeeded in buying WCW. If he had, the Monday Night War might not have ended. WCW might even have eventually won.
But Bischoff's backing fell away as soon as TNT announced they would no longer carry WCW's flagship show Nitro. Having a weekly telecast is a big deal for any entertainment franchise, and it was enough to seal WCW's doom.
In the same vein, SmackDown Live and RAW generate massive revenue for WWE. Even if AEW gets a lucrative television deal of its own, it will have to compete with two deeply entrenched iconic franchises with a vast audience. Smackdown and Raw will help ensure that WWE doesn't go under anytime soon.