It's official: Jay-Z is teaming with Will and Jada Pinkett Smith, along with some other folks, to form a joint venture to develop and produce movies.
First project will be a "re-imagination of the classic Broadway musical Annie as a vehicle for Willow Smith," according to an announcement by Overbrook Entertainment, the Smith's company.
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 11 Tony Award nominations in 2010.
Willow Smith is already signed to Jay-Z's record label, Roc Nation, which produced her first hit single titled Whip My Hair. Jay-Z previously sampled the classic Annie song It's the Hard Knock Life in his chart-busting single Hard Knock Life (Ghetto Anthem). -- Via USA today
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