It would be the same as taking a photograph of a copyrighted work. You own the copyright of the photograph. But you cannot sell it without permission, or you violate the copyright of the original rights holder.

Or maybe it would be the same as photocopying a book, where laws restrict the proportion of the work that can be reproduced without permission.

Or maybe it will be its own thing, where courts and government decide existing laws are insufficient and we need new laws.