The theater event for kids is "Dad, I have to go to the bathroom."
So I could watch this movie on release date for less than the price of three movie tickets, Disney gets 5 or 6 tickets worth of revenue, I spend CVS levels on snacks, can pause the movie if kid has to pee, and can control the climate. Only thing lost is super-giant screen and atmos ceiling bounce.
I like my local theaters but I can see how this is scary for them. Right before the pandemic our theaters renovated with new top shelf bar and food service, trying to make it more of a social hangout. Once restrictions are lifted I think that model will work, while families may be inclined to convert to watch-at-hone.