Yes, they are using LG's oled panels, but Panasonic's video processing and whatever else they put into their tvs is much better resulting in that TV being rated better than LGs. This is all based on online professional reviews of course, but seeing what Panasonic is able to do with their IPS models vs LGs, it is quite obvious that Panasonic makes better tvs.

LG have been slacking a bit due to their monopoly on Oleds. Their LCD tv range which used to be very good is now very mediocre. They seem to be focussed on oleds alone. I wonder if LG will sell their Oled panels to other manufacturers as well so that there can be more competition and choices for customers.

Of course it's good, most manufacturers didn't produced all components, so they will use other manufacturers components for their product 🙄🐝👍