Complex sentence: Caravan was given a five-year 25 picture agreement with green light authority up to $30 million and an overhead budget of $3 million, and was expected to produce 5 to 7 films per year originally.
Split into simpler sentences: Caravan was given a five-year 25 picture agreement with green light authority up to $30 million and an overhead budget of $3 million. The label was expected to produce 5 to 7 films per year originally.