

That’s the privacy policy for the AppleTV app. Here’s the specific information on AppleTV device settings:
https://support.apple.com/en-tm/guide/tv/atvb66239fa1/tvos
You can share analytics data with Apple or app developers in order to improve their software. Sharing this data is completely optional
Personally I use RAID5, with regular backups for documents and projects. Not too worried if my movies and tv library get lost…that takes up most of the space though.