It appears as if the patchwork dynasty comprised of the Smith family and Roc Nation is continuing its monster movie-esque transformation: after signing young Willow Smith to the imprint, label mogul Jay-Z and Willow’s parents, Will Smith and Jada Pinkett-Smith, are now working together on an upcoming remake of the 1982 film Annie, with Willow as the precocious orphan. It’s a hard knock life indeed.
The Wall Street Journal reports that Overbrook Entertainment, the Smiths’ production company, will run the project, with HOV acting as a producer, and in cooperation with Sony Pictures. There’s also reports that this venture could lead to other adaptations and films, but no word yet on anything definitive. Jaden Smith, the older brother of Willow, was also in a recent remake, The Karate Kid, which raked in some $143 million.