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1. This means the rumors were NOT true about Will Smith casting his own daughter; Willow as Annie.

2. She didn’t win last night for best actress but she may have another nomination up her sleeve with this role right here (if they do it right).

3. I’m in love with this coloration, Will Smith, Jada Pinkett Smith and Jay Z are producers! Excitement for me has ensued :-) – Reka

Reported by GossipCop:

Quvenzhane Wallis, who’s nominated for a Best Actress Oscar for her performance in Beasts of the Southern Wild, has been tapped to star as the lead in the upcoming remake of Annie.

On Sunday, Columbia Pictures production head Hannah Minghella said in a statement, “With the recent Academy Award nomination and critical acclaim, Quvenzhane Wallis is a true star and we believe her portrayal as Annie will make her a true worldwide star.”

“She is an extraordinary young talent with an amazing range, not only as an actress but as a singer and dancer, and we can’t wait for audiences to further discover her,” added Mighella.

Annie, set be be released during the holiday season in 2014, is being directed by Will Gluck, and produced by Jada Pinkett Smith and Will Smith, as well as Jay-Z.

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