No option for Both
I have a windowless basement cave wrapped in dark velvet, 100% light and sound reflection controlled.
Powered reclining seats with Crowsons, 7.1.4 audio with 14K+ watts of output (mostly from 4 large subs)
a JVC 4K projector, 120" screen and 3D emitter/glasses. Sounds pretty Dedicated to most...
of time the motorized screen is in the Up position where an OLED is used for daily TV duty.
We don't have any electronics in the "Living Room" upstairs and that's the way "she" likes it.
When we have guests over they get to choose, But 99% of the time the JVC gets picked for Movie Night.
...I guess everyone we know already has a large TV at home, so there's no appeal for them to watch ours.
I load up the popcorn machine and the bar fridge (disguised as a Marshall amplifier) is stocked with beer/coolers.
When movie time is over the room is back to living room mode with a few lamps turned on, screen up, TV back on.
We stick around for a few hours to enjoy music, XBOX games, sometimes my buddies and I will have a jam session,
just noodling around with my guitar collection and sipping expensive single malt scotch while the gals head up to the "Living Room"
I love my OLED, looks awesome with a few lights on (way too bright to watch in the dark) but it's not 3D capable,
9 foot wide image from just 8 feet away is much more immersive and more than bright enough with HDR in a pitch black room.