Not everyone shares your subjective experience. In fact, it is arguable that most people do not, which is why fewer people are going to the theaters these days, minus the current virus impact. Your argument reminds me of young film photographers of today extolling the virtues of film, amazingly even to experienced old film era photographers. Meanwhile the vast majority of those old film era photographers gladly switched to superior digital cameras years ago.
Well, you're talking to someone who still shoots film, so...
I think I made it pretty clear that not everyone shares my subjective experience. In fact, I even commented that many people on this thread clearly don't. But that changes nothing. You're likely correct that fewer people go to theaters these days. But I'm not sure that has to do with rejecting the subjective theater experience as much as it does with the price of a night out at the movies.
Bottom line, if you value the theater experience, which most creatives like Hanks do, no amount of home theater tech is going to change that.