The film will be set in a modern day environment and centers on an orphan named Annie (Quvenzhané Wallis), who is confined to an orphanage run by a cruel supervisor named Agatha Hannigan (Cameron Diaz). She is sent to Oliver Warbucks' (Jamie Foxx) home for a short time and convinces the wealthy industrialist to help her find her parents. Along the way, Miss Hannigan, her evil brother, Rooster, and a female partner scheme up a plan to impersonate her family and gain the rewards.
Will Gluck is directing from a script he wrote with Emma Thompson and Aline Brosh McKenna. Will Smith and Jay-Z are producing with James Lassiter, Jada Pinkett Smith and Tyran Smith.
Production is slated to begin this fall.