Original sentence: Paramount now also owns the theatrical rights, while Lionsgate Entertainment (via Republic's video licensee, Artisan Entertainment, or previously LIVE Entertainment) holds the home video rights, and Trifecta Entertainment & Media now holds most major TV rights (aside from other major and minor/low budget film, TV, and video companies that distribute the public domain cartoons)--CBS Television Distribution] (as well as its predecessor companies Paramount Domestic Television and Worldvision Enterprises) formally held such TV rights until 2009
Edited sentence: Paramount now also owns the theatrical rights, while Lionsgate Entertainment (via Republic's video licensee, Artisan Entertainment, or previously LIVE Entertainment) holds the home video rights, and Trifecta Entertainment & Media now holds most major TV rights on behalf of Republic/Paramount (aside from other major and minor/low budget film, TV, and video companies that distribute the public domain cartoons)--CBS Television Distribution (as well as its predecessor companies Paramount Domestic Television and Worldvision Enterprises) formally held such TV rights until 2009