Complex sentence: It was founded in 1992 by feature film director David Green, who devised the groundbreaking Hollywood Women series that launched the company, and was acquired in August 2007 by DCD Media.
Split into simpler sentences: It was founded in 1992 by feature film director David Green, who devised the groundbreaking Hollywood Women series that launched the company. The company was acquired in August 2007 by DCD Media.