Complex sentence: AUM Fidelity began distributing Joe Morris' Riti label when it was born anew in 2002, and in 2003 co-launched the CaseQuarter label, which is devoted to sacred and spiritual music of the American south.
Split into simpler sentences: AUM Fidelity began distributing Joe Morris' Riti label in 2002. In 2003 it co-launched the CaseQuarter label, which is devoted to gospel music of the American south.