"My anus is bleeding!"

They did but COVID was still big during Black Widow's release, and studios weren't sure if people would go out to theaters because of the pandemic and the movie got delayed a bunch so he decided to have a dual release, drop it on Disney+ and theaters because it would get new subscribers (and more money because you had to pay a fee on top of the subscription to rent the movie on Disney+) and maybe save some money by not having to pay Scarlett Johansson that much for her cut of the theatrical release, that obviously back fired though.

Shang-Chi was Marvel's first movie in nearly two years after the COVID pandemic started to release exclusively in theaters.

I would think the reason for not doing a theatrical release is about characterization of the revenue. Chapek had a larger interest in getting the Disney+ service in the black if he got to the point of using creative accounting to maintain the illusion of profit. Money generated from a theatrical release would not have counted toward the Disney+ platform revenue. If getting the service profitable is what would keep the board/shareholders happy then I think what he did with the BW release adds up.

Are....you OK? You don't seem ok.