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.
HDD read rates are way faster than media playback rates, and seek times are just about irrelevant in that use case. Spinning rust is fine for media storage. It’s boot drives, VM/container storage, etc, that you would want to have on an SSD instead of the big HDD.