I know some people love watching movies in theaters on a big screen with a packed house. I hate watching a movie with strangers. I can nearly replicate the look and sound of a movie shown in a theater with my setup at home. Technology is making that easier and easier. I expect, even without the pandemic, my days of going to a theater were numbered.
As to the second question, I think prices will slowly increase but not drastically. I think it changes the type of movies that get green lit. Those 20-30 million dollar movies of the 90s and early 2000’s may come back into vogue. Which, in my opinion, is a good thing.