Entertainment giant Viacom Inc. is changing the release strategy at its Paramount film studio to allow for more expensive and riskier productions, chairman and CEO Sumner Redstone said Monday. Speaking at the Bear Stearns Media, Entertainment and Information Conference in Florida, Redstone signaled a possible change in acquisition strategy, saying it might make sense for Viacom to enter the content distribution business down the line by buying a cable TV company. Specifically asked about Paramount, which has suffered through a boxoffice dry spell, Redstone said he has recently talked to Viacom Entertainment Group chairman Jon Dolgen and Paramount chairman Sherry Lansing and realized the unit must have more leeway for investments in productions.

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