Peak movies in terms of both tickets sold and total real revenue was 2002. Everything since then has been a rapid decline, paired with lots of inflation and ticket prices going up even faster than inflation. I'd also add that those data don't consider another aspect. Since 2002 the US population has increased by more than 45 million. Seeing ticket sales plummet alongside this is especially telling!
So, while you may personally find what passes for a movie now a days as "more engaging", even "the masses" would beg to differ!