Complex sentence: Renewal was filed by EMKA, Ltd., holder of the rights to Paramount's pre- 1950 library, and now part of NBC Universal Television Distribution--this would now make Universal Studios the film's distributor for all media.
Split into simpler sentences: Renewal was filed by EMKA, Ltd., holder of the rights to Paramount's pre- 1950 library, and now part of NBC Universal Television Distribution. This makes Universal Studios the film's distributor for all media.