Just seven months after production began on the star-studded Collateral Beauty, Warner Bros. has unveiled the first trailer for this drama, which could be an awards season contender this year. While it certainly could become an Oscar favorite, it also has the unfortunate task of opening on the same date as LucasFilm's first Star Wars spin off, Rogue One: A Star Wars Story. Still, both of these movies are catered to two completely different audiences, so they both may end up faring quite well at the box office this holiday season.

The trailer, which debuted on Warner Bros.' YouTube, gives us our first look at Will Smith's Howard Inlet. Howard is a successful New York advertising executive who experiences a deep personal tragedy and retreats from life entirely, and spends his time writing letters to things like love, death and time. His colleagues devise a drastic plan to force him to confront his grief in a surprising and profoundly human way.

The all-star supporting cast includes Helen Mirren as "Death," Keira Knightley as "Love" and Jacob Lattimore as "Time," who all come together to help Howard through these troubling times. Edward Norton, Michael Pena, Naomie Harris and Kate Winslet also star in this drama, which may be a shoe-in for all of the ensemble cast awards. This drama comes just months after Will Smith played the assassin Deadshot in Suicide Squad, with the actor taking a far different approach to death with this new character.

RELATED: Collateral Beauty Begins Shooting with Will Smith & Edward Norton

David Frankel (The Devil Wears Prada, Marley & Me) is directing Collateral Beauty from an original screenplay by Allan Loeb (The Space Between Us). Loeb is also a producer on the film, together with Bard Dorros (Triple 9) and Michael Sugar (Best Picture Oscar winner Spotlight) under the Anonymous Content banner. Anthony Bregman (Foxcatcher) also produces for Likely Story with Kevin Scott Frakes (John Wick) for PalmStar Media.

In addition to the first trailer, we also have the new poster for Collateral Beauty, which likely may not make sense without viewing the trailer. Will Smith was part of the controversial Oscar protest last year, but this year, the actor could find himself in the thick of the Oscar race for Best Actor, but it's too soon to tell right now. Take a look at the trailer and poster for Collateral Beauty below.

<strong><em>Collateral Beauty</em></strong> Poster