There's something to be said for movie theatres as an experience or an event, but it's a stretch to argue that overcharging for popcorn and hot dogs are a public good.
Today, if I think about Hollywood, I have to think about remakes. You have to force me to watch another Marvel/DC movie, although I think they are generally very well made and I liked some characters as a kid.
Just look at the most successful Hollywood movies of 2018. There is absolutely no depth to be found here at all.
These are movies I can enjoy, but mostly while doing something on the side.
As far as depth, I can't think of a Netflix film I really remember as standing out, now Serials --I can name a bunch: The OA, Stranger Things, Haunting of Hill House, etc -- they may not have found a groove yet w/ movies but they sure have w/ original series -- though they did hit a few snags too, their Marvel world sort of fell apart, and some characters were good, some totally were lame (Iron fist esp.).
Cinematography and cinemas keep people give people jobs, not only while MAKING the movie (cast and crews), but for people to watch it as well. Cinemas (the actual venues) give people jobs, the crews that work there, make pop-corn, sell tickets, cleaning crews, etc.
Netflix wants us to sit on our couches and binge/rot-away [1]. The two experiences (cinema vs netflix) are not even close.
[1]: https://twitter.com/netflix/status/854100194098520064
Edit: I am not negating the usefulness of Netflix, HBO, and other online/serving platforms. But if you want to play the movies-game, you have to win it on THEIR rules. Otherwise make your own 'oscarZ' and go wild :)