Complex sentence: It is the fourth movie version of "Kismet"--the first was released in 1920 and the second in 1930 by Warner Brothers--and the second released by MGM, and, the 1955 version, like its predecessor, was not a box office hit.
Split into simpler sentences: It is the fourth movie version of "Kismet"--the first was released in 1920 and the second in 1930 by Warner Brothers--and the second released by MGM. The 1955 version, like its predecessor, was not a box office hit.