Hollywood needs to get up with modern times and restructure their outdated business model. This is 2012. Americans have 60" HDTVs and Dolby surround sound in their homes. Theaters will always be a place for dates and for teenagers to get away from home for a few hours but many of us older film-watchers prefer to wait for the DVD. It's time to get rid of that lag time between the theatrical release and the DVD. Release the film in theaters on a Friday and the following Tuesday release the special-edition, director's cut blu-ray with all the bells and whistles and on pay-per-view for $10.99. Four weeks later, release the bare-bones theatrical edition to Redbox. That way everyone can see the film while there's buzz about it. This might also help prop up the lackluster Academy Awards. As it is, it's hard to get excited about nominated films when most of them haven't been released on DVD prior to the telecast and, as such, viewers haven't had the chance to watch them.
Theaters would go out of business.
My nephew manages one in Cleveland. Disney wanted to sell DVDs of the first run movies in the lobby, if you could show a ticket stub.
The theater chains got together and refused to show another Disney, Touchstone, etc, if they tried it. Disney makes tons from home sales but also makes googobs releasing their movies back to theaters. They actually backed down.