Yeah, and here's the part that's interesting to me as a EU-consumer: This wording doesn't exist in the European ToS: https://gb.lgappstv.com/main/terms#tabContentTerms6
So there's the angle that US is lacking the proper regulation, and the angle that LG may have violated its ToS in the EU.
But neither of this is going to get pinned down if everything is bunched together without focus and clear evidence...
The numerical majority of developed counties have some kind of privacy law. Murrica is an outlier, because of course it is.