Technology has improved since then: television, home video, streaming.Survived the great depression
The main thing I enjoy about going to the movies is the social aspect of watching with a packed house, all watching an "event" movie.
I'm living under the assumption that it won't be safe to gather in large crowds for years.
Even my modest home theatre setup has better picture and sound quality than the cinema. Additionally, it's cheaper, more convenient, I have control of when to start it or take a break, I can watch with my dogs, I can eat a meal, and I can drink a beer.