Thing is, they can't make enough money of going direct, even at that price. Even more when you consider that that price would probably also negatively impact DVD-Blu-ray sales. Movies that need to make a billion to start making money, like Rise of Soywalker, could never recoup their production and marketing budget on direct release. Although technically they would no longer need to make a billion, as they can cut out the theaters. It also depends on how many people are going to watch the movie. $25-25 might be cheaper for a family, but for me going alone, or with a friend, ain't gonna happen.
Also, if movie theaters are going to close because of changing habits, where will it end. Maybe people will say, why go to a big stadium to pay overpriced food, drinks and t-shirts when I can watch Metallica live stream back home? Which will be less lucrative for bands, because recording 1 gig for a live stream will in no way generate the same kind of revenue of playing a 100 stadiums. So I reckon while many in the audience would prefer this model, for the studios and musicians it makes perfect sense not to do it. Besides, its way more fun to go out for entertainment then watch it at home. Part of the allure of going out is the leaving the home part. And I hate pop corn anyway. I'll sneak in my own food and drinks.