Complex sentence: Rights to the novel were acquired by Beijing Forbidden City Film Corporation in 2004, and in 2005, it entered an agreement with New Zealand director Peter Jackson and his company Weta Digital to co-produce a film adaptation.
Split into simpler sentences: Rights to the novel were acquired by Beijing Forbidden City Film Corporation in 2004. In 2005, the corporation entered an agreement with New Zealand director Peter Jackson and his company Weta Digital to co-produce a film adaptation.