Yes, that's conceivable. But in reality, we probably visit the cinema 2-3 times per year, while this year we have probably bought 100+ hours of entertainment on discs and watched 100+ more using online streaming services, including numerous movies in each case.
The studios might like to think that the alternative to us waiting for their movies to arrive on those discs and streaming services would be to pay for cinema tickets for everyone, but their unrealistic assumptions aren't my problem. If they set similarly unrealistic prices for early access, equating it with going to a cinema rather than getting what we would have got anyway just a bit earlier, then that won't be my problem either.
Ultimately, I'm happy to pay a reasonable price and support TV shows and movies I enjoy, and I've reached a stage in my life where disposable income on that level isn't a problem and I have more I could spend on this kind of thing if I thought it was worth it. But equally, there's way more stuff out there than I'm ever going to have time to watch and there are plenty of other ways I enjoy spending my leisure time that I'll just do more of if it becomes too inconvenient or expensive to watch some things, so it's up to the studios and distributors to make an attractive offer if they want my money.