Word on the street is that Will Smith is looking to produce a remake of the cult classic musical Annie, but starring Willow as the lead.
Will Smith’s company, Overbrook Entertainment, is developing the project with Sony, and they've reached out to Jay-Z about having him create original music for the flick, which is most likely going to be a contemporary adaptation. There’s no word yet on whether some of the film's classic songs will be incorporated.
First Karate Kid now Annie. It must be nice to have Will Smith money and balls. It takes guts to remake a classic and flip it entirely.[Perez Hilton]