TNA Films? Really? Because yeah, it's been such a great success for WWE... what, with their films "limited engagement" (ie; one weekend in 13 theaters) runs and Walmart-exclusive "slingshot to DVD" formula. These poor quality "features" may be getting the name out there, but its hard to argue that the quality of the films don't do the company more harm than good. As evidence, that new vehicle for Trips aspiring movie career looks absolutely attrocious. I fully expect a Wrestlecrap induction within the next 12 months.
The main difference here though is that WWE has had like 50 or so years to get the wrestling right BEFORE they branched out into other areas. While it's debatable that WWE films has been a short-term success in some areas, other ventures like the XFL and WBF have been undeniable failures. Regardless, WWE always had the wrestling to fall back on and quite frankly, when the failures have come that's exactly what Vince and company have done. It minimizes the risk in attempting those ventures in the first place, as the wrestling is an established business that makes lots of money.
TNA on the other hand has existed for a scant 8 years. The wrestling product that they put out is not established, at least not in the way WWE is. The consistency (let alone the profitability) just isn't there. There has been a LOT of experimentation as of late, but that's ultimately a good thing... for the wrestling. Branching out into films and other media before establishing the core product is a mistake. Unless the thing with Kurt Angles "production company" is a one-off with "we'll see where it takes us" goals, I think a TNA films brand is a huge mistake.
To that degree, TNA may just find that a horrific run as a film company could very well translate into a "turning off" of the core wrestling product by its fans. The company can ill afford this type of situation, given that it is just starting to make some measurable strides.