That is true. Theater in this instance is cinema.
Live entertainment is going to be desired. That is something that cant be replicated by AI.
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Don't say that, aren't some big musicians already performing via VR glasses? But obviously it's different than #IRL. 
I am sure VR is going to be a big thing at some point and offer a hybrid experience.
It will be great for artists. Can put on a concert of a million people with 15K at the show and the rest in VR.
I am pretty curious about that, as I really enjoy being somewhere in person #irl but I do see chances for ppl around the world regarding this! 😀
I think it is logical.
If an artist has the pull, there will be live attendees for $100 but a VR ticket might cost $10.
Imagine something like that for the Super Bowl.
Yeah, huge opportunity for scaling the event even more and charge even more $ per 30s advertisement spot. 