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Modern TVs are marvellous. A huge 4k screen with stunning colours and high contrast is now easily affordable. Going to the cinema for the big screen experience is no longer as justified.
Expensive: Movie tickets are expensive and are an easy item to cut back on when impacted by inflation.
The abundance of entertainment. There is no longer a single song, movie or book that can define a generation. There availability and choice is to great for there to be a must see movie. The same goes with sport. The question did you see the game last night is less clear when people can stream whatever sport they want. Many people saw "the game" just so that they could fit in. When "the game" no longer is the topic of conversation fewer people will watch it causing a death spiral
At least in India, movie tickets are comparably priced to the costs of buying or renting a new film, so if you don't have the best home theater experience, nostalgia for the theatres or consider it a family bonding thing like I do, it's still perfectly fine to go and see something new there every once in a while. (Just don't buy the popcorn) I also don't have a home theater setup that can match a decent cinema hall.
Of course, I'm an absolute cheapskate who pirates everything and only buys the things he can't pirate (sigh, would that I could download more RAM), I usually watch only particularly good movies anyway unless dragged there by family or friends.
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