Cinema is indeed second behind streaming. The theatrical window is now so short (~40) days that audiences are happy to wait for the increased benefits and reduced cost of watching at home.
Good. Movie theaters have been anti-consumer for decades. Time for them to reap what they sowed.
It’s only older contracts and studio holdovers that are preventing simultaneous release (which has already been done at times).
This was inevitable. Technology was bound to catch up. Hollywood actually panicked in the 1960s. But those screens were tiny. Nobody wants to see the Godfather on a cheap 1974 Panasonic.
But TV today is at least 55 inch and in crisp 4k resolution. A modern TV is good enough for most content.
It is not Netflix that killed the movieplex. They were just the first to utilise the new tools. The movie theater became the steam locomotive.