I thinkt he tradition movie theater is a thing of the past. The same goes for the multiplexes. If there were a way to keep up with the quality of the experience and still make a profit, I think there may still be hope for movie theaters.
There were 2 big old theaters - great ones at that... These two seemingly antique theaters were closed a year or so ago. It was a real shame to seem the history disappear with little protest.
EDIT: I've posted other feelings on the subject in
this thread.