Depends on resolution and JPEG codec. A 1080p PNG frame is typically 2 to 5 MB; a 1080p JPG at quality-85 is 200 to 500 KB; a 4K PNG is 6 to 15 MB. At the extreme, every-frame PNG extraction of a 10-minute 1080p MPEG produces ~50 GB total.
Frame extraction is fast — typically 20 to 30% of source duration on the standard pipeline. A 5-minute MPEG → JPEG bundle finishes in about a minute regardless of frame count, because the bottleneck is the JPEG encoder, not the MPEG demuxer.
Yes, subject to whatever licence governs the source MPEG content. The format change adds no claim — we add no watermark and assert no licence over the JPEG output. Copyright tracks the source, not the converter.