The biggest difference there isn't production costs, but the physical costs of maintaining the giant library, in a way that is reasonable streamable at a good cost from any device, with many dubbings, and even video differences per version. Go see how many little differences are there in a random Pixar movie due to localization. The infrastructure per hour watched is relevant, and there's a lot of differences between one is willing to spend on something that is being watched hundreds of thousands of times today, and some 30 year old episode of a series nobody followed. It's a much different production than sending music files over.

Even with licensing costs at zero, the infra of Youtube, the closest thing to Spotify for video, is a very different beast. And I'd argue youtube doesn't go far enough.

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