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Will Smith and Jay-Z have teamed up to form a new company that will produce and develop film projects. The company will be responsible for the remake of the movie “Annie” which will star Will’s daughter Willow.

Here is what Mr. Carter had to say about the partnership.

“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.”

“Money Grew Like Grass…” (c) Rick Ross

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