I would be sad if our local theater closed.
My wife and I were ones who went to the movies extremely often by most standards.
For a time we went multiple times a week, every week.
Then we had kids and we slowed to once a week.
And this is despite having a dedicated home theater with a 95" screen, great sound, total darkness if wanted, ability to pause, and comfortable seating.
I still wanted the theater experience.
For years we were a "corporate customer" with Regal Cinemas and bought tickets in bulk, saving $6+ per ticket by buying 50 tickets at a time. We also have made great use of our Regalator cup,
https://www.disboards.com/threads/theaters-are-showing-tv-shows-now.3902012/#post-64437193, having saved thousands in drink costs.
Having said all that, I have not bought corporate tickets the last couple years because the choice of movies is just so sad.
What we have enjoyed is the Regal Mystery Movie series. Once a month or more often, Regal shows a $5 movie. They don't tell you what it is and you don't know what the movie is until it starts playing. There are places on the internet were people theorize as to the movie and are usually correct so you can get an idea if you want.
Last night was Nuremberg.
We have seen some great movies, like last night, and some real stinkers and a lot in between. Many we were pleasantly surprised by and would have never picked to see at the theater or at home.
The movie industry was being impacted by streaming but covid accelerated that impact. I don't think it will be long before very few big budget movies are made a year and physical movie theaters become as rare as drive in theaters. I don't think movie theaters will go completely away but like travel agents, the industry will be completely reshaped by the internet.