Complex sentence: The new film also titled The Mummy will be a reboot of the character and franchise, as well as the second installment in the Universal Studios'Monsters Cinematic Universe which is planned to be shared universe with reboots of all the studios' classic monster characters.
Split into simpler sentences: The new film, also titled The Mummy, will be a reboot of the character and franchise, as well as the second installment in the Universal Studios'Monsters Cinematic Universe. The series is intended to be a shared universe with reboots of all the studios' classic monster characters.