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I mean I still love going to the theatre for a nice big screen movie. I have a great IMAX theatre nearby, and a lot of local cinemas. There are showings of older films — Lord of the Rings last year, Interstellar in IMAX, etc. People show up for these. “Movie theaters are dead” is definitely a big exaggeration.

But yeah, I’m not gonna pay to watch the average mediocre new movie at the questionable regal/AMC and pay like $40 for refreshments. But I’ll totally go out to see any movie (new or old) which are great experiences and benefit from a huge screen and fantastic audio system.

Theaters have over-indexed on quantity over quality. There are loads of locations with poor projection quality and shitty sound, dozens of screens, and lots of crap movies coming out. Why would people show up for that when they can stream something better at home on a potentially nicer TV?

So yeah, the industry will change a lot, but it probably won’t die.