Correct. While it does not prove the existence of David the King of a united Kingdom of Isreal and Judea, as an important political figure in his own day, it does prove that, about a century after his own time, his memory and the tradition of his reign was important enough in Isreal for a current King to claim him as an ancestor.
Better proof would be contemporary documents or monuments, from Isreal, Judea, Philistine, Syria, Phoenicia, Mesopotamia, or Egypt recording his name and office.
If this was the among the stronger pieces of evidence presented, a skeptic would say that the show did not make a very good case for whatever it was trying to prove.
VietVet