Complex sentence: This would, in effect, create a new kind of intellectual property, besides copyright and patents, while the purpose of the law is to protect the copyright of composer, artists, film-makers etc. and not grant new legal protections to DRM companies.
Split into simpler sentences: This would, in effect, create a new kind of intellectual property in addition to copyright and patents. However the purpose of the law was to protect the copyright of composers, artists, film-makers etc. and not grant new legal protections to DRM companies.