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MOVIES - Feb. 27, 1990

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

Valenti Signs On for Five More Years With MPAA: After months of speculation and rumor that Jack Valenti was about to retire as president of the Motion Picture Assn. of America--with names of possible replacements even being bandied about--it was announced Monday that Valenti is signing a new five-year contract. As chief lobbyist of the movie industry, the 69-year-old Valenti has been president of MPAA for 24 years.

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