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I'm fairly sure theaters won't be going anywhere. You can't have the ability to watch a 20 foot by 20 foot projection of a movie at home, no matter how cheap the technology gets unless you have a massive backyard and a projector or a huge room in your house you weren't using anyway.

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It isn't just about the giant screen for everyone. For many in my circle, the only reason they still go to the theatre is because you can see things when they release. If they had an option for same day streaming (as covid has provided in some cases), they will drop the theatre completely. The quality of TVs and sound systems at home can provide a better visual/audio experience than many theatres.

Bigger screen isn't attracting for me. Just sit near TV or use HMD is fine. Additionally, I won't see other people's head or blink smartphone.

The only reason go to theater for me is great sound especially bass. Huge bass is really impossible at home but not all content requires such bass.

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