Yes! I had the shower thought this morning that gathering to go out to the movies with friends is nearly a thing of the past now, and one of the reasons is we have giant TV's in Walmart that take up your living room wall for $500.
I have an 80" tv myself and I can attest that it is LESS satisfying. I can see so many details in the film now that almost every movie looks low budget. No one wants to "come over for movie night" ..they have their own 60+ TV at home. It's easier than ever to watch a movie, but boring as heck for sure.
Just an anecdotal part of my life that is as you suggested - more convenient but less satisfying.