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.
For more on this development follow this link: http://www.roc4life.com/profiles/blogs/jayz-announces-new-film
Source: Roc4Life.com
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