Viacom wants to sell a piece of Paramount

Media-entertainment giant Viacom said Tuesday it was seeking a minority investor for its Paramount studios in Hollywood to adapt to a shifting industry landscape. Viacom's chairman and chief executive Philippe Dauman said the company had "received indications of interest from potential partners" and that it would explore these options. Viacom and Paramount have been under pressure to adapt to changes in the industry as power shifts to streaming media giants like Netflix and Amazon.

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