People love movies, they always have. It's their watching habits that are changing. moviegoers dont want to spend a fortune on multiplexes anymore. They want to watch a movie in the comfort of their homes, among their loved ones.
Somehow film studios make everything about themselves in the end. They pump billions into making a film, only to realize how aware people are about piracy tactics. Movie theaters would become a vestige of the past pretty soon.
I believe they’ll always be a place for cinema, premium, large format and more cutting edge tech is the only way forward for cinema imo. When I see films on a bog standard screen these days, I often feel like it’ll look better at home on my 4K screen. That’s said, it’s still my preferred way to watch movies.