Don’t care about the philosophy.
Lets talk copyright law. Its not their right to take the films, alter it and sell it.
Do you think it would be OK if a local station went and filmed a NFL game and broadcasted it without the right to do so would be ok?
Its not this company’s property to alter and sell. Plain and simple, they will lose, they should lose. If parents don’t want violence and nudity, then its their choice not to buy it and not to show it to their precious little snowflakes.