Looking to create another box office hit like he did with son Jaden, Will Smith is considering doing a remake of the musical 'Annie' with daughter Willow as the star.
While it's still in the development stage, Variety states that through his film company Overbrook, Smith would produce the film with megastar rapper Jay-Z collaborating on the music.
Details haven't been confirmed regarding whether the film would be a contemporary version and whether it will include any original songs.
Will Smith hit payday when he remade 'The Karate Kid' with Jaden as the star. The film made more than $350 million worldwide.
Willow made her acting debut in her dad's film 'I Am Legend,' and later appeared in 'Kit Kittredge: An American Girl,' alongside Abigail Breslin.
In 2010, she launched her music career with the release of her single 'Whip My Hair' and signed to Jay-Z's record label Roc Nation. The single peaked at No. 11 on the Billboard Hot 100, making Smith one of the youngest solo artists in history to do so.
In 2009, Jay-Z and Smith, along with Smith's wife, Jada Pinkett-Smith, helped produced the acclaimed musical 'Fela!'
The Broadway production won the Tony Award for best choreography, best costume design of a musical, and best sound design of a musical.
In 1998, when Jay-Z released his third album, 'Vol. 2... Hard Knock Life,' he scored a hit with the song 'Hard Knock Life (Ghetto Anthem),' which samples the song 'It's the Hard Knock Life' from 'Annie.'
'Hard Knock Life' was Jay-Z's first single to achieve success outside the United States, reaching the top 10 in several countries.