Complex sentence: The picture has the distinction of being one of the last major Hollywood pictures of the silent era, although it was also released by Paramount Pictures in a version with a Movietone soundtrack with music and sound effects only.
Split into simpler sentences: The picture has the distinction of being one of the last major Hollywood pictures of the silent era. It was also released by Paramount Pictures in a version with a Movietone soundtrack with music and sound effects only.