Jay-Z and Will Smith Officially Discussing Annie Remake for Willow Smith

willowsmith_120.jpgThe definition of irony for Wednesday, Jan. 26: The idea of Willow Smith singing "It's a Hard Knock Life" on the big screen. What was rumored last week has now become more official: Jay-Z has teamed with Overbrook Entertainment (read: Will Smith and Jada Pinkett-Smith) for a joint venture that will develop television and film properties. First up: An Annie remake at Sony Entertainment with Smith's daughter Willow in the lead role. "The time is right to bring back Annie to the big screen," said Columbia Pictures President Doug Belgrad in a statement. "Of course, we're true believers in Willow's talent and believe she will be perfect in this role." Maybe, but I imagine it will be hard for her to whip that Annie-approved perm.