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"Watch this two hour long video" is not a particularly useful reply. If you think the TV can exfiltrate your data without an internet connection then you should be able to explain how it could do that in your own words.
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Just because you didn't allow it on your local WiFi doesn't mean it did not connect to the Internet. Your neighbors might have a guest WiFi it can use. Or maybe it has a built-in cell modem. Your data is valuable, there's reason to put effort into getting it.
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Wouldn't using a neighbor's Wi-Fi without anyone's permission or instruction violate CFAA or some other law?

Also, wouldn't this be trivial to test by just setting up your own network and seeing if the TV connects?

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Xfinity (aka Comcast) routers broadcast a separate network for Comcast subscribers do use from their phone. I don't think it's unreasonable to think that Comcast and TV manufacturer's could have an agreement that would allow TVs to connect.
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Using internet access doesn't seem to be illegal. If there's no password you can't even argue it was protected. Residential proxies are legal too (as they should be - fuck cloudflare).
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They have permission from the provider, why they are able to log in.
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Laws aren't enforced against large companies.
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That's what the Ask button is for with the summarize option, to not have to watch unnecessarily-long videos. Apparently it does connect to public hotspots, often run by major providers.
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This is because they rooted the TV.

They can just start a capture, record to RAM / storage, and retrieve it later when it is reconnected to the network.

Otherwise if it's disconnected, it is still hard to exfiltrate the data somewhere. Maybe they could get creative via Bluetooth, but then you would need a cooperating device in proximity of the device.

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I think the main risk is that if you - or your kids, or your spouse, or a guest, or someone you give/sell the TV to - do connect the TV to the Internet for even a moment years from now, then all those logs you wanted to keep away from LG are likely to delivered.
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