Complex sentence: Renewal was filed by EMKA, Ltd., which acquired Paramount's classic pre- 1950 library in 1957--today, EMKA is part of NBC Universal Television Distribution, and summarily Universal Studios is now the theatrical and home video distributor.
Split into simpler sentences: Renewal was filed by EMKA, Ltd., which acquired Paramount's classic pre- 1950 library in 1957. Today, EMKA is part of NBC Universal Television Distribution, and Universal Studios is now the theatrical and home video distributor.