Complex sentence: Before its release Capitol merged with Virgin Records and the band was dropped, however they retained the rights to the album and eventually signed with MAD Dragon UNLTD, an independent student collective run by Drexel University.
Split into simpler sentences: Before its release Capitol merged with Virgin Records and the band was dropped. However, they retained the rights to the album and eventually signed with MAD Dragon UNLTD, an independent student collective run by Drexel University.