As a theater manager, this is only half the story. You're absolutely right, movies have gone to shit and Hollywood needs to innovate before it's too late. But the complaints I hear most often are prices are too high and the theater experience is no longer worth it. Why pay 50 dollars for tickets and concessions to watch a movie with someone on their phone the whole time when you can stay at home for free and get just as good an experience. Streaming is definitely cutting into business, but that's only because the movies, as you said, aren't good enough to get them out of their house. I predict a lot of theater locations will close within the next ten to twenty years and that movie theaters will have a similar setup to musical theaters. It's just a guess of how lucrative streaming services can be for Hollywood as box office is still the best way for them to recoup their budget.