EW bring word that ‘Beasts of the Southern Wild’ star (and Best Actress nominee) Quvenzhané Wallis in consideration to lead Sony’s upcoming remake of the Broadway musical ‘Annie.’ Wallis will next be seen in the big screen alongside the likes of Chiwetel Ejiofor, Michael Fassbender, Michael Kenneth Williams, Ruth Negga, Brad Pitt, Benedict Cumberbatch and Adepero Oduye in Steve McQueen’s ‘Twelve Years a Slave.’

‘Annie’ had initially been developed as a potential starring vehicle for Will Smith’s now-12-year-old daughter, Willow, who dropped out of the project last month after aging out of the role. The elder Smith recently told Temple University: “Willow was supposed to be doing Annie, we got Jay-Z to do the movie, go the studio to come in and Willow had such a difficult time on tour with ‘Whip my Hair’ and she said, ‘You know Daddy,’ I don’t think so,” Smith said, adding that his daughter also told him, “I have a better idea, how about I just be 12.”

Will Gluck (Easy A, Friends With Benefits) is set to direct the modern day re-imagining of the classic Broadway musical’ ‘Annie’ will be produced by James Lassiter, Jada Pinkett Smith, and Will Smith through their Overbrook Entertainment banner, and by Shawn “Jay Z” Carter, Jay Brown, and Tyran “Ty Ty” Smith through Marcy Media.

Will Gluck will revise the film’s screenplay, which was written by Emma Thompson and rewritten by Aline Brosh McKenna based on the musical stage play ‘Annie,’ book by Thomas Meehan, music by Charles Strouse, lyrics by Martin Charnin, and on ‘Little Orphan Annie.’ The studio is anticipating a late fall start and is eyeing a 2014 release date.