Complex sentence: American entertainment company owned by Mattel and originally established in 1983 from Henson International Television (formerly styled "hit!") (it was founded as), the international distribution arm of Jim Henson Productions.
Split into simpler sentences: American entertainment company owned by Mattel and originally established in 1983 from Henson International Television (formerly styled "hit!"). It was founded as the international distribution arm of Jim Henson Productions.