When an appliance (fridge, cooker, washing machine) breaks, it's cheaper to replace. I cannot see how repairing a TV will ever be cheaper than just replacing it since they are so cheap brand new.
This also applies to smartphones, none of the popular models have replaceable batteries so in the trash they go and they become worthless, even if the hardware could keep up for 10 years often the software is outdated, inseceure and not worth using.
I'll be hard pressed to believe this will result in anything tangible. The real test is if they can convince Apple to make Louis' job easier, wouldn't that be nice.