During the shutdown of everything, theaters couldn't open up and let people in. Now movies are so full the theaters seem to be collapsing even more.
Cineworld is declaring bankruptcy, and AMC dropped 40% TheStreet: What Charts Say for AMC Stock After 40% Plunge.
It feels like there is a push to keep people at home, or locked in at their jobs for companies like Google or Apple.
I recall reading about Disney making fairly crazy demands (before the coof) regarding how much cut they want and how many screens must show film X and how many weeks film X must run. Tolerable for a massive place with many screens but a killer for a small place with few. X was either star wars or marvel so if you want to show it you'd be stuck with it after the numbers drop 70% next week.
To answer your question: yes, partially. Studios can capture more money with streaming (or so they think). On the other hand people dislike cinemas for various reasons (some mentioned in other comments).
What could the cinemas do to improve, or save themselves?