Yes and no. I'd take this over nothing.
But it wouldn't be incredibly difficult to just use an existing license of a promotion they already own (Strikeforce, Pride, WFA) and then have created fighters populate those cards, or when you cut fighters from UFC they go to those promotions.
You wouldn't even necessarily need to allow users to play those fights at other promotions, killing the need to build out all the presentation elements.
It would be similar to in NBA2K, you get fed the information about draft prospects performances in games that you never watch or play.
The real competition wouldn't be with other promotions either. It would be internal company goals like PPV sales, live gates, TV deals, sponsorship money.
The real goal would be building up fighter popularity, thus creating profitable events that lead to revenue opportunities that then build YOY.
To do this, you'd need to sign up and coming fighters, build them up, and then when they decline, feed them to the new crop of fighters, rinse repeat.
That's true to what's happening in real life. The UFC isn't competing with Bellator. Bellator doesn't even make money and the UFC owns 90% of the MMA market share.
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