If I could give this a thousand claps, I would. Cinema is not dying. There have always been ups and downs, ever since the advent of television. People predicted then that cinema was doomed and it wasn't. The same thing happened with the advent of VHS, then DVD, Blu-Ray, home cinema systems, streaming, the Covid pandemic, and doubtless when it arrives, virtual reality will also be predicted to destroy cinema. It won't. Nothing will, any more than novels or plays will be destroyed. After the novelty of whatever newfangled thing has worn off, people always return to cinema. The figures all tell the same story.

As for the assertion that cinema is less creative, innovative, varied, and so forth, that's also nonsense. Yes, mainstream Hollywood may be experiencing a certain creative inertia (though even that I'd question - there are some fine singular directors making excellent personal projects), but outside mainstream Hollywood, cinema in the rest of the world is alive and kicking like never before - in the Middle East, in Japan, South Korea, Europe, the UK, the US independent scene, etc, etc. :)