I would generally agree with you except for three points: 1) the price of going to the cinema has surged so much that you have to budget for it in a way you didn't before. 2) I can pause a movie at any time and go to the bathroom or get a new drink. The lack of intermission during longer movies at the theater is rough. 3) The behavior of moviegoers continues to decline. In particular, people with untreated ADHD constantly checking their phones is really distracting. A phone screen really pops in a dark movie theater. And when I watch these people check their phones, they aren't doing anything other than habitually dicking around.

I can go to the movie and there is a decent chance people will talk through the movie or will be on their phones, etc. Or I could watch at home and be guaranteed a great experience.

Movie theaters have to upgrade the experience. They need to police patrons like they used to. They need to sell better food and drinks. And they need to get the pricing model under control.