Well a smart audience could buy a LED/LCD Projector for home use and get nearly the same quality as most DCP Projection 2K they could have a piss or drink break and view the movie whenever they want not when the cinema wants.
This is a dumping of quality of the highest order nothing less. Regarding the audience most of them wouldn't recognize a good movie if it bit them in their behind. Advertisement trumps quality in the eyes of the public and that's the problem of good cinema of those 100 Millions that the average Hollywood Movie costs 70% are advertising costs not shooting or release costs.
As a note Paramount plans to release only 15 Movies per year, they make most of their money with Spongebob and the like. Archiving will probably still be done one film since digital sucks at long term storage. But it seems that Paramount has some serious cash flow problems in short they are near broke.