GWOP News: Jay Z & Will Smith partner to form Film company

spotted: Reuters

Overbrook Entertainment partners James Lassiter, Ken Stovitz, Jada Pinkett Smith and Will Smith are partnering with Jay-Z to release movies.

No word on the name of the entity, but the tandem plan to bring Annie to the bring screen starring Will’s daughter, Willow. According to Hov:

“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. This venture into film development and production is a perfect next step with teams that are accomplished, creative, and innovative.”

Overbrook Entertainment has generated more than $2.5 billion in revenue by producing some of Smith’s films like “Ali,” “Hitch,” “Pursuit of Happyness,” “I Am Legend” and “The Karate Kid.”