This is such crap. It's just like the Replit CEO saying that software engineering is dead, or Altman saying AGI is imminent. They're stating a version of the future that they would like to appear because that would be the best outcome for their businesses.
But in reality movie theatres are in no way dead. People like the experience of going to a theater with friends, buying yummy snacks, watching a giant screen with really high volume. Seeing the interstellar relaunch last winter reminded me of just how LOUD the movie is, that's something you just can't get with 99% of setups people watch movies on at home.