I don't think that's true at all, plenty of my friends has some kind of aversion to "old" music because they could not "get" the aesthetic. Plus I'm sure most people are sick of Fur Elise.

Compositions: absolutely.

More “evergreen” genres like classical, jazz, soundtracks, and also stuff by established artists? Surely!

But pop music recordings get “too dated” quite fast for the mainstream and mainstream audiences. This kinda keeps Spotify and Radio charts fresh and newer artists make some money. IMO of course!

EDIT: Wait! One thing however where you’re right and I’m wrong is with live concerts. Today older legacy acts compete and often surpass attendance of newer acts.