this I think is exactly the reason, I was going 3-4x times a week to the movies in the 90s, but once I had more pocket change and "spending" money, really started investing in quality home theater gear, and over the years it fulfills 90% of my movie watching needs. Reducing my "going to the movies" to twice a year, if at all.

there is also so much content available, that there is no real urgency to watch the movie at release. "Waiting" for it be available on bluray/streaming, is not even "waiting" at all.