The same thing was said about home video, then video rental, then pay-per-view, then streaming, and now streaming during a pandemic. If there's one thing I've learned in my time on this earth, it's that there are plenty of people like you and I who love the social experience of going to a movie theater.

As an anecdote, my favorite moviegoing experience was when I was watching the Dark Knight during the first showing, at the point where Commissioner Gordon pulls of his mask, a guy in front of me jumped out of his seat and yelled "YEAH!! GORDON!!" The whole audience got a laugh, and it was just a really fun moment that only the thirty or so people who happened to be there got to experience.

Also, no matter how good your living room "home theater" is, it will never replicate a real auditorium that has had actual audio engineers work on setting up.