Overbrook Entertainment partners Will & Jada Pinkett Smith have recently partnered with Jay-z to develop major motion picture films and one of the current projects being discussed is the re-make of “Annie” starring Willow Smith. According to a press release from Roc Nation, the partnership began over dinner with Jada, Will, and Jay-z, where they decided to co-invest in the successful product line Carol’s Daughter. They continued this partnership as co-producers of the successful Broadway production Fela!, which earned a total of eleven Tony Award nominations last year.

“The time is right to bring back Annie to the big screen. Of course, we’re true believers in Willow’s talent and believe she will be perfect in this role,” said Columbia Pictures President Doug Belgrad of the project. Jay-z added, “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.”

Will Smith’s Overbrook Entertainment has produced films that have generated over $2.5 billion in revenue. Some of the films include Ali, Hitch, Pursuit of Happyness, I am Legend, Hancock, Secret Lives of Bees and the recent remake of The Karate Kid (starring Jaden Smith). Jay-z sampled the classic Annie song “It’s a Hard Knock Life” on the Vol 2…Hard Knock Life album and recently signed Willow Smith to his Roc Nation imprint, so the collaboration seem to be a no-brainer.

Read more: Jay-z and Will Smith Partner To Bring “Annie” To The Big Screen (Starring Willow Smith)