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Jay-Z and Will Smith hope the sun comes out tomorrow

At Monday's Art Museum announcement for the Labor Day weekend “Made in America” concert, rapper Jay-Z makes passing reference to Will Smith and one of the projects they’re cooking up together: a remake of “Annie.”

Jay-Z thinks he's gonna like it here. And he thinks the sun will come out tomorrow. Even if he thinks it's a hard knock life.

At the Jay-Z/Michael Nutter press conference Monday announcing plans for a two-day Labor Day weekend mega concert, "Made in America," somebody asked the New York-based Jay-Z Why Philly? And Jay-Z replied (to paraphrase), because he's good pals with Philadelphia's own Will Smith, and that the two of them – along with James Lassiter, Smith's producing partner at Overbrook Entertainment -- have been working on a bunch of projects together.

One of those projects is Annie, a planned remake of the Broadway smash (and 1982, John Huston-directed screen version), with Willow Smith to star as the upstart orphan. Jay-Z has already shown his affinity for the Martin Charnin/Charles Strouse musical, having sampled "It's a Hard Knock Life" in his hit "Hard Knock Live (Ghetto Anthem)."

Jay-Z 's record label, Roc Nation, also released Willow's smasheroo "Whip My Hair."

And Jada Pinkett Smith, Jay-Z, Smith and Lassiter are partners in a number of other film, stage and commercial prospects, too.