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Just to play devil's advocate (and I hope you know I'm only doing that to foster discussion) - I don't think that's necessarily the case. I mean look at The Irishman (budget of $160 million) and Roma and Marriage Story...

I'll throw this out there for discussion - I think the quality non-blockbuster stories have already transitioned to the episodic TV format rather than the 2 hour movie format, and that's something theaters can't fight...

I think that ship has already sailed, honestly. I'm as big a movie fan as they come and I went to a theater 1 time in 2019. Martin Scorsese is making movies for Netflix. I don't love it either but this is not going to move us down a path we weren't already going down.

I don't know why you think most would watch on an iPad or laptop. Streaming devices are kind of a thing now. To your second point - if a person can watch a theatrical movie at home for $5 (a group of 4 split the cost), wouldn't that mean they can watch a theatrical movie and get a month of...

You will have a hard time telling me that for a group of 3-4 there is not a market for watching a theatrical film for $20. A family with restless kids or broke college students who would probably rather stay home where they can smoke, they are not picky about their theatrical experience...