Will Smith, Jada Pinkett-Smith and their partners at Overbrook Entertainment have formed a joint-venture with Shawn "Jay-Z" Carter to develop and produce major motion pictures.
First! A remake of the Broadway musical "Annie," in which Will and Jada's daughter, Willow who recently signed to Jay-Z's Roc Nation label will have the starring role. The project is in its preliminary stages, it will be developed with Sony Pictures Entertainment and produced by Overbrook and Jay-Z.
This new found partnership between Will,Jada and Jay-Z began when the three decided to invest in the beauty line Carol's Daughter. Their next venture together was when they joined forces again to co-produce the Broadway play "Fela!". Now Willow Smith, who is managed by Overbrook's Miguel Melendez, signed to Roc Nation and released her first smash single "Whip My Hair."
"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," said Jay-Z in a statement. "This venture into film development and production is a perfect next step with teams that are accomplished, creative and innovative."
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