Complex sentence: He licensed The The's "Soul Mining" album to "three" different record labels: after delivering the album to Phonogram he then took it from them and sold it to Warner Bros. Records, then sold it on again to CBS.
Split into simpler sentences: He licensed The The's "Soul Mining" album to three different record labels. After delivering the album to Phonogram he then took it from them and sold it to Warner Bros. Records, then sold it on again to CBS.