Complex sentence: In April 1990, Universal Studios bought the rights to develop "Iron Man" for the big screen, with Stuart Gordon to direct a low-budget film based on the property, but by February 1996,20th Century Fox had acquired the rights from Universal.
Split into simpler sentences: In April 1990, Universal Studios bought the rights to develop "Iron Man" for the big screen, with Stuart Gordon to direct a low-budget film based on the property. By February 1996,20th Century Fox had acquired the rights from Universal.