Possibly, but what if matchday streaming revenue from both clubs was thrown into a pot and split 50/50? Every time a smaller club played a bigger one they get a bigger payday.
Or maybe all revenue from every match could be compiled and shared across each club equally. A strange mix of free market at the front and communist at the back!
If I could be arsed I'd run a quick simulation. Might get round to it one day.
Not that any of this will ever happen because the PL like to blindly peddle their TV packages to people in nice little clearly defined regions across the world, expertly tailored to what the market will tolerate in varying degrees of value/ fairness. And these are very regions that the internet doesn't give two shits about so global market transparency is basically killing the TV subscription model singlehandedly. Of course TV companies and the PL are still clinging to it because it still makes them good money. But for how long? And what then happens to the clubs which are so heavily reliant upon TV money when the bubble bursts? When the TV rights bids come round next time it'll be like a mini sub prime crisis waiting to happen.