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MOVIES - Jan. 29, 1987

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<i> Arts and entertainment reports from The Times, national and international news services and the nation's press</i>

Paul Newman, who enjoyed critical success in the hit movie “The Color of Money” for Walt Disney Pictures’ Touchstone Films, has signed a three-year contract with the company for movie development and production. The non-exclusive agreement provides that Newman will develop film properties in which he will star, direct or both. Disney will provide Newman with a New York office.

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