Complex sentence: Paramount, the industry leader, put out its first talkie in late September, "Beggars of Life"; though it had just a few lines of dialogue, it demonstrated the studio's recognition of the new medium's power.
Split into simpler sentences: Paramount, the industry leader, debuted its first talkie in late September, "Beggars of Life". Though it had just a few lines of dialogue, it demonstrated the studio's recognition of the new medium's power.