The core tenet is that you've paid them for their work in order to profit off of it, in an exchange both parties have entered into freely.
Not that you've used their work without paying.
Not that you've used their work without paying.
Surely this is already ironed out, no? What are laws regarding transcriptions?
Yes this is ironed out. It's completely illegal, as it should be. No question about it.
If you're translating subtitles (without accompanying images) for someone to use together with the original media, then there's a good argument that's legal (even though many courts disagree), since you're not taking away from sales -- you might even be helping with them.
But creating a comic-book version of a movie you can read instead of watch? That's just blatant copyright infringement, period.