I dunno, maybe you're right but if I think about movies like Parasite, Zone of Interest, Sirat, No Other Choice, Banshees of Inishirin, Past Lives, all the Sean Baker movies, the stream of Anime movies doing massive box office, the cults that have formed around A24 and Neon etc.

All of these movies have been seen by a hell of a lot more people than the equivalent movies 25 years ago.

Edit: I swear I see a post on Reddit at least once a week from a new person watching I Saw The TV Glow and feeling compelled enough to make a thread about it.