I don't think the theaters will ever recover now that streaming is the norm. You release it on PPV a week after it hits theaters? The upside is that the studios/streamers can't fudge the numbers when they have the streaming revs to the penny. Actors like ScarJo are going to ask for 20-30% of the streaming rev.
I'll tell you who's gonna do well, at least in the near term, and I don't think there's any kind of trade here because I think most of them are private... the VPN's.
Kids today are internet savy af. And they also firmly believe anything on the net is free. Now some of you may live sheltered lives with sheltered kids, kids that WOULD NEVER do anything as evil as torrent a new movie, but I can tell you, they are the exception.
When Disney's Cruella came out, it was released in the theaters the same time it was released via Disney+. It was on the torrent sites in a matter of minutes.
This is going to be a real problem for the studios.
I expect the MPAA to really start raising hell in DC.
Expect more crackdowns on the pirating of movies via peer-to-peer networks.
Its always been there, but they only went after the websites, hardly ever an individual.
And even now, there's a dozen Pirate-Bay mirrors out there.
All of this, along with the other myriad of personal privacy issues that exist today, it all bodes well for the continued growth of the dozen or so VPN operations out there.
And lets take this one step further while we have our "future looking"... looking glass out here.
As things progress,you can expect more and more U.S. laws pertaining to VPN's and their current policies like "we keep no logs" etc.
It'll be like the UK, China, and Russia soon enough. These lobbies have our lawmakers at their beck and call. Disney WILL win.