Personally think it sucks as it hurts theaters that means less local jobs, especially for teenagers and students who most often work at movie theaters.
I agree, but Disney (and other studios) won't care about that.
The reason why they will keep releasing their big movies on Premiere Access is the same reason they started their own platform in the first place. They now can OWN distribution of their very valuable content and cut the middle man. They'll keep releasing movies in theaters as it is a good revenue stream. What can theaters do? Not take the Disney movies? It would end up hurting them more than it would hurt The Mouse.
It will lower revenues for theaters, but it won't hurt Disney one bit. They will even make more money as they will have two revenue streams instead of one AND one of those does not involve them splitting the money with anyone.
The pandemic gave them the excuse they needed to "test" it and create the habit. To me, it was always part of the long-term strategy when they started Disney+.
I mean, let's say you want to go to the theater as a family, it will cost you much more than buying the moving at home. I know many people like the whole movie-going experience, and they will still go, but MANY MANY MANY people prefer "convenience".
I think people will still go to the theater on dates and stuff like that. It will not kill the industry, but it will impact it negatively.