I wouldn't say irrelevant but certainly less popular over time compared to when it was newer. Even with all this supply on your fingertips I bet you watch a lot more movies from the 2020s than the 1920s.
EDIT: Since people are getting specific about that last line and missing the point, how about instead it's "I bet you watch a lot more movies from the $yourFavoriteDecade than the timemachine(start = $yourFavoriteDecade, direction = "reverse", years = 40)"
Watching a movie from the 1920s requires paying some attention to follow characters and plot. Watching a movie from the 2020s is just 90-120 minutes of nonstop CGI visual stimulation.
EDIT: Since people are getting specific about that last line and missing the point, how about instead it's "I bet you watch a lot more movies from the $yourFavoriteDecade than the timemachine(start = $yourFavoriteDecade, direction = "reverse", years = 40)"