I think theaters will go the way of the Drive-In. Independents may hold on, but with the availability of all the streaming services there is no need for theaters other than the fact people do crave "an experience" and going to a theater gives you that.
We still have two Drive-Ins in San Diego. A month ago they were allowed to open
(which is dumb that they even had to close in the first place.) The owners have seen a resurgence because the Drive -In is one of the few things available for families to get out and do together for entertainment with the lockdown and social distancing.
The ability to watch a movie
when you want at home is huge. Theater tickets are so expensive now. Generally, I go to the matinee to be able to afford it... who has time in the middle of the day to see a movie? So I just don't go.
In the past 10 years, I might have gone to the movies once a year. Last year I saw 2 movies. We went early to get the less expensive price. The last movie I went to was with a dear friend who has parkinson's, and does not get to go out much. She wanted to go see the movie "Yesterday", so we did. It was a hassle to even find a theater showing the movie, at a time we could go, that was even close to affordable. There were only 2 other groups there for our movie, so there was no noise or distractions. It was a good movie and I enjoyed it, but not enough to even plan to go again.
When you watch at home no one is talking or unwrapping candy (or kicking the back of the chair) causing you to miss what is being said on screen- and if they do, you can back it up and watch again.