There are too many theatres. Many theatres close you you will soon be closing. Why not? It happened with KMART.
I'm not bemoaning the possible closing of theaters. The wife and I haven't been to a theater since 1990.
My point was that there are two issues here: 1) The declining revenue of the movie industry and, 2) The decline in theater attendance. Any turnaround in issue 1 (for whatever reason) will not entail a turn around in issue 2. Times change and the theater industry is going to take a hit no matter what.That was my sole point.