That's not what fraud is.

Unless you have a private theater room its not quite the same thing as watching first run movie in a darkend crowded theater - and even that misses the social aspect for an anticipated picture

The communal experience is special

On top of that most people don't have the attention span to sit through a film without opening their phones - film is supposed to be about capturing your attention not just entertainment

Otherwise watch it on your laptop for all I care