LOS ANGELES (Hollywood Reporter) - Overbrook Entertainment partners James Lassiter, Ken Stovitz, Jada Pinkett Smith and Will Smith are partnering with Jay-Z to release movies.
One of the first projects they're discussing is a remake of the Broadway classic "Annie," in which the Smiths' daughter, Willow, 9, would star.
Jay-Z sampled the tune "It's a Hard Knock Life," from the "Annie" musical, in his hit "Hard Knock Live (Ghetto Anthem)."
The film will be developed with Sony Pictures Entertainment and produced by Overbrook Entertainment and Jay-Z (real name: Shawn Carter).
Jada, Will, Lassiter and Jay-Z decided to form the partnership over a recent dinner. They also co-invested in beauty products line Carol's Daughter, and co-produced the Broadway production of "Fela!," which earned 11 Tony Award nominations in 2010.
Willow Smith signed onto Jay-Z's record label, Roc Nation, which produced her first single titled