Seagate has introduced the Exos M series, a range of enterprise-grade mechanical hard drives available in 30TB and 32TB capacities. The two models, the 30TB CMR ST30000NM004K and the 32TB SMR ST32000NM003K, each offer a minimum of 3TB per disk and use a standard 3.
Additionally, most media is read in a contiguous scan. Streaming media is very much not random access.
Your typical access pattern is going to be seeking to a chunk, reading a few megabytes of data in a row for the streaming application to buffer, and then moving on. The ~10ms of access time at the start are next to irrelevant. Particularly when you consider that the OS has likely observed that you have unutilized RAM and loads the entire file into the memory cache to bypass the hard drive entirely.