Complex sentence: It was produced by Hillenburg's production company United Plankton Pictures and Nickelodeon Movies, it was distributed by Paramount Pictures and also it was first film in the "SpongeBob SquarePants" film series.
Split into simpler sentences: It was produced by Hillenburg's production company United Plankton Pictures and Nickelodeon Movies, and distributed by Paramount Pictures. It is the first film in the "SpongeBob SquarePants" film series.