No. Some software comes with an EULA that, when agreed to, turns your sales contract into a license contract (if you live in a country where that is allowed, here in Germany EULAs are invalid). Console software just comes as a disc with notices like "not for rent, public performance, duplication ...". That is NOT a license. You have bought a physical box including a physical medium that contains copyrighted code. That is akin to buying a newspaper or a music CD. You buy the physical carrier, not a license to the data or anything. Unless those console games require you to agree to an EULA to access them AND that cannot be circumvented (because there is no legal requirement for such a contract to exist and First Sale prevents the manufacturer from telling you what to do with that disc in absence of a contract) so there is no reasonable doubt that you may not have agreeed to the EULA the sales contract is the only valid contract that relates to anything in the box. Normal copyright applies to anything you haven't signed a contract over so you can use it however you like as long as you do not violate the copyright (the right to copy and create derivatives, it includes nothing else, no right to control usage or anything).
Copyright does not cover volatile (RAM) copies the devices make in order to interpret the data.