What the champions of streaming as the future tend to forget is that streaming could never replace the cultural impact of moviegoing. Most streaming movies are forgotten after a short time span and vanish from collective memory. That's no surprise as one tends to watch them while playing on his smartphone or doing other things. A movie you saw in a theater grabbed your full attention and thus stays in your memory far longer. But that's not all.
Movies like Joker or Parasite would never have reached the same impact if they were released on a streaming service. Only the moviegoing experience can create such a hype around a movie that it becomes topic of conversation for basically everybody through almost all social classes and age groups. Only movies that play in theaters can reach such an event status. The only streaming formats that come close are series because of their traditional descent from TV, but there is no streaming movie that compares to Joker's hype. And that's a low to mid-budget movie, it goes without saying that it's ridiculous to think Avengers: Endgame would have had the same pop-cultural impact if it were released on a streaming service.
Another point one has to consider when praising the brave new streaming world: You have Netflix, Prime Video, Hulu, Disney+, HBO Max, Peacock, Paramount+, AppleTV+. Who believes that a majority of people will subscribe to five or more streaming services and pay for them? This madness will only lead to more piracy. Well, it already has, movie piracy increased by 41% in the US:
https://www.muso.com/magazine/film-t...id-19-lockdown
Giving piracy sites your >200 million USD budgeted movie as perfect 4K copy on the day of its release doesn't sound like a great idea to me.