- Associated Press - Wednesday, January 26, 2011

LOS ANGELES (AP) - Another child of Will and Jada Pinkett Smith is set to star in the remake of a Hollywood classic.

Ten-year-old Willow Smith is set to play the title role in “Annie.”

The film is being developed by Overbrook Entertainment, which the Smiths co-own, along with Shawn “Jay-Z” Carter and Sony Pictures.

Last year, 12-year-old Jaden Smith starred in a remake of “The Karate Kid,” which raked in $343 million worldwide.

Sony’s Columbia Pictures first brought “Annie” to theaters in 1982.

The movie was based on the Broadway musical in which a redheaded orphan’s life is transformed when she goes to live with the wealthy industrialist, Oliver “Daddy” Warbucks.