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The only reason music streaming is so cheap is because it's a commodity. There's several multi-billion dollar corporations all competing with largely identical products. There's not much else than price to compete on.

Video services compete on exclusive content, so they can make subjective value considerations around how valuable certain content is to certain groups.

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And, related is that there's a royalty/copyright structure in music that means those multi-billion dollar companies can stream almost anything they want for a known low dollar amount.

There's also an almost infinite supply of good music--past and present--out there. There just isn't a lot of incentive for most audio streaming services to invest in exclusive content--the odd podcast notwithstanding.

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