Viacom Inc. is looking for a significant minority investment in its film company Paramount Pictures, the company said on Tuesday. Shares of Viacom were up roughly 3.5% following the news. “We have received indications of interest from potential partners seeking a strategic investment in Paramount Pictures and I have decided to pursue discussions with a select group of potential investors,” Philippe Dauman, Viacom’s chairman and chief executive said in a statement. Dauman recently took over as executive chairman of the media company after long-time chairman Sumner Redstone stepped down. Viacom said it has retained investment bank PJT Partners to advise and assist with the process.
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