PRIME, I think that aticle addresses the question of lower movie-theater attendance pretty well....
'Last year’s slump in domestic ticket sales can partly be attributed to a very poor turnout during the summer blockbuster season. Theater attendance in the US and Canada during the summer months, which saw releases like Baywatch, The Mummy, and the fifth installment of the Pirates of the Caribbean franchise, hit a 25-year low, according to the LA Times. The number of tickets sold from May through Labor Day was reportedly down 16 percent from 2016.
As Bloomberg points out, there are other factors in play, too. As streaming services like Netflix, Amazon, and HBO Go offer more entertainment options, theatergoers may be less likely to leave their homes to watch a movie. Ticket prices also continue to rise, even as startups like the subscription service MoviePass threaten to devalue the movie-going experience.'
But I do think that there has been an increase with regards to movie and TV production.
We took a family of four adults and thee kids to see THE GREATEST SHOWMAN and anf those theater tickets alone came to over $100.
Of course we went to one of those theaters in L.A, where meals are served directly to your seat and that was another $100 plus a BIG PLUS!
It's cheaper to stay home and cook your own popcorn where you can now project a great movie 10 ft. wide and a Bose sound system.
I think that movie theaters as we know them now will be non-existant in 5 - 6 years ...... along with all these shopping malls that have empty spaces today.
But there will always be a big demand for home-type enterainment.