Anybody in doubt about Hollywood's originality (or lack of) need only see that they are rebooting Spiderman AGAIN.
Movies are a sh*t ton of money to see in theater and more people have decent home setups. This conspires against movie theaters. Also, it's fact that the time between theater and DVD has shrunk over the years. No longer are we waiting seemingly a lifetime to rent it if we miss it in theater. It won't be long before we can pick it up at Redbox for a dollar and watch it on a 40-something inch screen.
Last movie I went to I smuggled in my candy. The ticket was $10, the large coke zero I got was
$4.80. This is a sad damn day indeed that even after candy smuggle I'm still paying through the nose for my movie-yummies.
How many game arcades do you see now? There used to be one on every corner and they were all busy because the arcade experience was superior to the home game console system. And that gap shrank and people lost reasons to go to arcades and arcades pretty much disappeared. And movie theaters are going to do the same. They're dinosaurs, their days are numbered and the current business model is doomed. Every single year home theater gets better and cheaper and every year movie theaters get worse and more expensive. It's time for Hollywood to cut the cord and face reality. It's over and in 20 years movie theaters are going to be more rare than drive-ins are now.
I don't know about your timeline but I agree with the rest of your post. I can get a 50" screen and 5.1 surround blu-ray system for $700. I won't have to cock my head up to stare at the screen if I'm stuck in the front row, i can drink a large coke zero for a dollar, no need to smuggle, drive anywhere, etc.