It's more that Disney (and all studios, don't think I'm singling them out) don't care about theaters anymore. They'd rather they die and pocket all the money for themselves, even if that means losing a revenue source in the process. Welcome to the future baby.
EDIT: The Paramount Decrees being no more also means this could all be a scheme for Disney/Warner to buy up theater chains. AMC's got crypto bros and Reddit meme stocks on their side, but it will only go so far.