(Via Disney media)
Disney’s Live-Action “Cruella” and Marvel Studios’ “Black Widow” Both to Release Day and Date in Theaters and on Disney+ with Premier Access on May 28 and July 9, respectively
Disney and Pixar’s “Luca” to Release Exclusively on Disney+ on June 18
I doubt it is shocking to many people, and a good indicator of the industries need to adapt to the times. They've succeeded in retaining the title of "Show people talk about" post-Mandalorian with Wandavision and now with Falcon and the Winter Soldier. But they need a big blockbuster release and this is it. Also, I'm sure there are a lot of timeline issues regarding the subsequent movies that are in play as well.
Personally, I will be seeing this and basically every big blockbuster in theaters still and I recommend all of you who feel comfortable doing so. These movies are built to be consumed in that environment, so it's a disservice to the movie to watch it on a crusty, 15 inch macbook or even a regular TV setup. With Cruella, tho, I say you fire away and watch on said crusy macbook. I'm not sure how much your viewing experience will change with that movie.
Also, I don't think 'Luca' is getting enough hype. It looks like colorful, great escapism.