1997 was an absolutely phenomenal year for movies. Life Is Beautiful, Boogie Nights, Jackie Brown, Titanic, Donnie Brasco, The Fifth Element, Good Will Hunting, As Good as It Gets, Austin Powers International Man of Mystery, Gattaca, LA Confidential, Men in Black, Liar Liar, Amistad, The Game, Con Air, Contact.
There was a lot to do in 1997, just not as much to do without leaving home. We went to movies because they were affordable and great movies were being released.
Also, that was the era where new multiplex theaters were being built with great sound systems, so it was worth going to a theater for the high-quality experience. While quality consumer electronics are more readily available today than ever before, I feel like the vast majority today only watch media with headphones, TV speakers, or maybe a 2.1 stereo+sub setup.