A good cinema will never be beaten with home equipment.
Sadly I know of only 1 cinema in the UK that I would consider to be "good" and it is about 150 miles away lol. The cinema near me (only one for 30 miles) is appauling, it costs $15 per person, they never broadcast the proper aspect ratio of a movie, and popcorn etc costs about $10 each. It's about $15 for a "combo" deal with popcorn and a drink.
So for 2 people sharing a combo, it's $45 and the picture quality is better in my room with many movies being availible on HD DVD/BluRay in the US within weeks of the UK cinema broadcast, and in some cases out before the UK cinema broadcast.