Jay-Z and Will Smith have joined forces to form a new film development and production company. It is believed that the pair will use this as-yet-unnamed venture to produce a remake of the musical Annie starring Smith’s daughter, Willow.
“The Overbrook Entertainment family and I have a unified vision,” says Jay-Z. “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.”
Smith founded Overbrook Entertainment in the late 1990s which has produced dozens of films like Ali, Walk Hard: The Dewey Cox Story, Hancock, I Am Legend, and the 2010 remake of The Karate Kid starring Smith’s son, Jaden.