Sing 2 was available on home video in multiple platforms by January.
Maybe to rent but the home release (DVD) came out in March of 2022 and best I can tell the streaming debut (not rental) was in June of 2022, six months after release.
You really don't think Encanto would have done MUCH better had it not gone almost direct to streaming, for free? It had just as many views in its first week of streaming on D+ as the entire theatrical release. If just some of those views switch to the theater because streaming wasn't an option then it continues to build word of mouth and likely has a much better theatrical run.
It ended up being streamed in 2022 more than Turning Red (second most streamed movie of the year) and Sing 2 (third highest) combined.
Streaming fast is really not that a concern as recent evidence shows. People just want better movies.
Yes, people want better movies but I don't agree that streaming fast isn't an issue most of the time. How much of an impact it has is directly proportional to the number of people who have the streaming platform. If I release a movie on streaming the same day, I release it in theaters but nearly everyone who wants to see it has my streaming platform that is going to significantly impact my box office. How can it not? On the other hand, if only a few people have my streaming service, it will have little impact.
I would add that event movies or cultural touchstones would be a big exception to this. For example, if Disney gets their mess together and makes a great looking Star Wars movie, I think a LOT of people would choose to go to the theaters over the streaming release.
Sony just did well with Spiderman with Toby McGuire back in theaters. That so far has performed well even though anyone can watch that on streaming.
Okay, a movie that hasn't been in the theaters for 22 years, rounding up, made 700k according to Box Office Mojo for its first three days. I would say that is okay given the type of movie. Just for comparison, Jurassic Park (a much better movie from a audience perspective) did 1.7 million over the same amount of time last year.
Anyway, I don't think we are that far off overall I just think you discount some factors quicker than I would.