A little background for those not that familiar with Commons and copyright licenses:

• License templates (aka Copyright tags) are required for each author
  • In case of derivative works like photographs of artworks we require an license template for artist and for the photographer. In case of 2D artworks (like paintings) we do not required copyrights for the photographer because of Bridgeman Art Library v. Corel Corp. law. However all sculptures and other 3D artworks should have separate copyright statements for each author.
  • Some media like recordings of music also might have multiple authors: composer, lyrics author, performers, etc. and we could have copyright licenses for each
• Media is supposed to be in Public Domain (PD) or freely licensed in both US and in the country of origin often resulting in separate copyright tags for US and the country of origin
• Some media is multilicensed where user can pick one of the licenses like GFDL and CC. See Commons:Multi-licensing

As a result a single image can have a lot of separate license templates. Some licenses should be treated as if they were connected by "AND" operator where you have to meet legal requirements of both licenses and some need to treated as if they were connected by "OR" operator where you can pick one. As long as all license templates belong to Public Domain "family" than Media Viewer usually can deal with them properly, but when some licenses are PD and some are not (like in case of CC photo of PD sculpture) than many things are wrong:

• Media Viewer might be giving incorrect attributions
• All PD templates call {{Cc-pd-mark-footer}} which adds"This file has been identified as being free of known restrictions under copyright law, including all related and neighboring rights." statement to the template which is not correct if CC licenses are present
• Each license adds a tracking category, so people looking for PD images might be tempted to use them to find PD images. Which would be wrong if image is also CC.

Discussions related to this issue:

• https://commons.wikimedia.org/wiki/Commons:Village_pump#Copyright_tags_for_sculpture_and_photo
• https://commons.wikimedia.org/wiki/Template_talk:Art_Photo#Issue_with_MediaViewer

There is https://www.wikidata.org/wiki/Q19754486 (Template:Photo of art / Template:Licensed-PD)

So looking at this, there are a few possible solutions to this:

• Use the most restrictive licence. This is probably the best option, as at least it would result in users following correct licensing terms instead of incorrectly interpreting something as PD
• Showing multiple licences in Media Viewer. Much more difficult to implement but would probably work the best in this scenario
• Not declaring the copyright status. If the licensing is ambiguous, then say some text like "Multiple licences (more info)" or "Unclear copyright status"

Whatever the solution, the current method of determining the licence is insufficient. almost 50,000 files use {{copyright information}} alone, which is a structured way of displaying multiple licences, and pretty much all of these are affected. At the very least a file shouldn't be declared as PD if there is a more restrictive licence on the page.