Jan 20, 2011 10:55 AM EST

Will Smith Developing "Annie" Remake

Will Smith will be developing a film for his daughter, Willow, to star in, according to Variety.

Smith had recently developed "The Karate Kid" for his son, Jaden. Now, Willow will be playing the title role in a remake of "Annie". The film is still in development stages, but is said to have Jay-Z attached to work on the music. Jay-Z worked with Willow on her pop single, "Whip My Hair".