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August 10, 1988|JOHN VOLAND | Arts and entertainment reports from The Times, national and international news services and the nation's press

New Century Entertainment Corp. is shedding its old skin and becoming New Visions Entertainment Corp., the company's co-chairmen, Taylor Hackford and Samuel Schuman, announced Monday. The firm, responsible for such films as "La Bamba," "An Officer and a Gentleman," and "Against All Odds," also announced the opening of its new headquarters on Wilshire Boulevard and further explained its $50-million agreement with the Canadian exhibition giant Cineplex Odeon. New Visions is to produce at least 25 pictures over the next five years (at $6 million-10 million per movie). It will hold domestic rights to the movies, and Cineplex gets Canadian and all foreign rights.

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