Complex sentence: It is Vives's sixth release overall (including the Escalona soundtracks), and is the album that popularized the vallenato genre, both for the younger generation in Colombia, as well as international audiences in Europe and other parts of the world.
Split into simpler sentences: It is Vives's sixth release overall (including the Escalona soundtracks). The album also did much for the vallenato genre, popularizing both the younger generation in Colombia as well as the international audience in Europe and other parts of the world.