Jay-Z Teams Up With Smiths For Annie Remake

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January 26, 2011 | 2:20pm EST

Jay-Z has confirmed he’s teaming up with Hollywood couple Will and Jada Pinkett Smith to re-imagine the Annie musical for the big screen.
The trio, who teamed up last year to bring hit musical Fela! to the Broadway stage, will be working together on a new version of Annie, starring the Smiths’ daughter Willow, who Jay-Z signed to his Roc Nation label in 2010.

The three superstars will co-produce the film.

According to reports, the partnership began over dinner with the Smiths, Overbrook Entertainment executive James Lassiter and the rap mogul, where the quartet decided to co-invest in the now successful beauty products line Carol’s Daughter.

They continued the partnership as co-producers of Fela!

Jay-Z has a little history with Annie – he sampled the musical’s It’s the Hard Knock Life in his hit Hard Knock Life.

Confirming the news, Jay-Z says, “The Overbrook Entertainment family and I have a unified vision. We’ve already produced a Tony Award-winning play and we’re developing a true superstar in Willow. This venture into film development and production is a perfect next step with teams that are accomplished, creative, and innovative.”