I pretty much agree with most of what Dane is saying except the "not being able to recreate" the movie theater experience at home.
I've spent a chunk on 4k, dolby atmos, etc. etc. I would much rather watch a film at home (with no cell phones/cell phone lights....no teenagers chatting, etc. etc).
That said - I still go to the theater for movies that I dont want to wait for them to be released for home (or I'm afraid I'll see a spoiler on social media).
I think Dane mentioned this in a different thread a while back - going out to a movie, especially with the new theaters with booze, etc. (and throw in food/parking in some places) - it can cost a small fortune.
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