Last year we saw Mickey Mouse going public domain and now every year more and more talkie movies are going public domain too. The talkies began in 1928, and I would say they got very close to what we have today in about 1934 or 35.
That means that every year people will have hundreds of "new" releases on public domain, making paying for watching new movies unnecessary. One thing is preferring the new movies when you have to pay both for new and old movies. Another thing is paying for new films when you have hundreds of old movies as good as the new ones (or better) for free.
I don't know about you, but I could spend the rest of my life watching public domain classics, no problem. For instance, I read a dozen books last year, only two of them were less than a 100 years old.
I would say Hollywood is in a pinch right now, something that will make them miss the days when their biggest enemy was piracy.
Well, I read around 20 books last year and neither was older than 50 years old. I've also seen a few movies and neither was older than 34 years old.
If I was watching a movie made in 1934, I'd be bored as hell. My point kinda is: don't assume people have the same preferences you do.
I dont necessarily agree, for example M is from the early 30s and a great movie.