Overbrook Entertainment partners James Lassiter, Ken Stovitz, Jada Pinkett Smith and Will Smith have formed a joint venture with Shawn “JAY-Z” Carter to develop and produce major motion pictures. One of the projects being discussed is the re-imagination of the classic Broadway musical ANNIE as a vehicle for Willow Smith to star. The film will be developed with Sony Pictures Entertainment and produced by Overbrook Entertainment and Mr. Carter.
The partnership began over dinner with Jada, Will, James Lassiter and JAY-Z, where they decided to co-invest in the now successful beauty products 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 in 2010.
“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. “Combining Willow with the Overbrook team that reimagined Karate Kid and the spectacular JAY-Z makes this a dream project. A decade ago, JAY-Z proved that the power of the underlying Broadway property remains, by showing how these songs could be reinterpreted for a new generation with Hard-Knock Life. We couldn’t be more thrilled to be working with our friends at Overbrook as they launch this new venture.”
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