How is this remotely profitable? Movie tickets where I live are pushing $20 a ticket as all the theaters have been re-done as up-scale theaters with padded recl

How is this remotely profitable? Movie tickets where I live are pushing $20 a ticket as all the theaters have been re-done as up-scale theaters with padded reclining chairs and/or food service because the standard model of cheap seats packed in as tightly as possible with the smallest screen tolerable doesn't seem to be working anymore. Even the tightly run Arclight theaters are little more than lipstick on a pig at this point. Tolerable, but nothing special. If I had to bet, I'd say that we're only going to the movies less and it will continue to be rebranded as a premium experience. The cheap seats model isn't any better than my modest living room system and about 10x less convenient. The only difference is I need to wait a couple months before the movie is available in my home. Hollywood could change that overnight is they chose to. I'm not even going to go into how terrible the standard theater experience is. Smelly floors, beat up seats, loud people, smartphone lights, absurdly priced concessions, unhealthy concession offerings, poor bathroom facilities, paying for parking, 10-20 minutes of trailers, etc.