Evidently, I erred in my calculation of what your view is for this thread topic. To assert that the American Public wants pool, in any sort of legitimate sport form, is absurd. What they want is something that can be scripted, created, canned, and delivered.
Now you are talking about entertainment as an avenue, just as the "atmosphere" is created for the audience by Hollywood.
Sadly, it has already been proven that there is no audience for Televised Pool. because there is no scripted drama and result. If you want the WWE, that's what you get. You would need 20 Earl's and Shane's who would follow the script and "be" Actors.
You say this could take place from a location? That's easy. Warner Brothers, Sony, and Paramount have empty buildings that can be used as sets...if the pitch is successful. Trust me, I've worked there. They can create an entire fake pool room inside one of those buildings and the audience would believe it is a real Brick and Mortar Store.
Location? Hell, the BCA can't even show a Brick and Mortar Building for the BCA Hall of Fame!! Evidently, billiards industry people aren't interested in a Canton, Ohio or a Springfield, Massachusetts to showcase their history.
Without the formation of a legitimate body to formulate and direct pool playing for what and who would be deemed "Pro Players", any idea to create a delivery venue, is a major conflict waiting to happen. I have seen every entity for Pro Pool come into being and die in the last 40 years. Why? Because they were all influenced by pool players and their individual egos and greed. It's an Ethics problem.
Entertaining? Yes, I just spent 3 days and 29.95 paying for a tremendous internet stream from PoolActionTV from the Texas 10 Ball Open. I was a "Passive" viewer for almost 80% of the event. I got my money's worth.
Entertainment must have Drama, Comedy, Ethos and Pathos. If it doesn't exist naturally, it must be created. What you envision, is a packaged product for mass consumption...and the American Public is not hungry for it. Yet.