Complex sentence: The title came from the original Broadway show on which the film was based, and which opened on November 16,1935, and was the last musical produced at the New York Hippodrome before it was torn down in 1939.
Split into simpler sentences: The title came from the original Broadway show on which the film was based. The show opened on November 16,1935, and was the last musical produced at the New York Hippodrome before it was torn down in 1939.