We did see it with the newspapers and record companies as the technology disrupted. It was only a matter of time before video was disrupted in the same manner. The key is the monopoly on video distribution was broken by the internet. It took a while for the creation side to catch up along with the technology. When YouTube came out, most were still on dial up.

Would the pace have accelerated? Who knows. The lockdowns also had a part in it as does ticket pricing. I do not deny they are factors.

However, I think the overriding factor is technology, the last disruption. The next one, AI, is really going to crush what is standing with Hollywood.