The other part of that is that home theater gear has also improved greatly. In the 80’s/90’s, no one was anywhere close to replicating a theater’s video or audio fidelity. Now you can get massive 4k uhd screens which are technically a higher resolution than digital IMAX (2k stacked instead of true 4k), and pair it with 11.2 THX quality Dolby Atmos audio if you want. Good AV at home is far more accessible than it ever has been.