Complex sentence: On January 26,2015, the film was acquired by Fox Searchlight Pictures for $12 million and on February 24 it was announced the film was scheduled for a limited release on July 1,2015, in the United States.
Split into simpler sentences: On January 26,2015 the film was acquired by Fox Searchlight Pictures for $12 million. On February 24,2015 it was announced the film was scheduled for a limited release on July 1,2015 in the United States.