Certainly factors in it.

The fact that people got out of the habit of going to the theaters means it is hard to get them to change back. During the lockdowns, the studios pushed films direct to stream, which got people accustomed to it.

For the money, how many films are must see, right now. Even if it is a couple months to hit streaming, most say they will wait.

It seems like the theaters themselves hit it bit with Taylor Swifts concert or whatever it was that they showed. Perhaps that is a path for theaters to take.