Complex sentence: Following "Banjo Eyes", the Hollywood returned to showing films exclusively until 1948 when it was purchased by the wealthy producer Anthony Brady Farrell, who had the house completely renovated with the intention of making it a full-time Broadway legitimate theater.
Split into simpler sentences: Following "Banjo Eyes", the Hollywood returned to showing films exclusively until 1948 when it was purchased by the wealthy producer Anthony Brady Farrell. Farrell had the house completely renovated with the intention of making it a full-time Broadway legitimate theater.