It’s now official. Shawn “Jay-Z†Carter has signed a deal to co-produce a new movie based on the Broadway musical Annie with Willow Smith in the lead role. Jay-Z has signed a deal with Willow’s parents Will and Jada Pinkett-Smith and their partners at Overbrook Entertainment for a joint-venture to develop and produce major motion pictures – the first being Annie.
The partnership between Will, Jada and Jay-Z began when the three decided to invest in the beauty line Carol’s Daughter. They next joined forces = to co-produce the Broadway play “Fela!†Since then, Willow, who is managed by Overbrook’s Miguel Melendez, has signed to Roc Nation and released first single “Whip My Hair.â€
“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,†said Jay-Z in a statement. “This venture into film development and production is a perfect next step with teams that are accomplished, creative and innovative.â€
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