Incorrect. The dude straight up said " This isn't a copyright infringement", which it most certainly is.
Not only are the assets here copyrighted material, but the software also serves as a replacement to the original piece.
If you either scanned the pages of a book or went the effort to retype the book without the rights to copy it, you are violating the copyright. This isn't just trademark infringement.
Do I completely agree with the current absurdity of these laws?
The answer to this would be the same to the following question:
Do I make the laws?