A new trailer of the much anticipated big screen re-adaptation of Annie gives us a sneak peek of what’s in store.

Set in contemporary NYC, it stars Quvenzhane Wallis in the title role, alongside Rose Byrne as Grace Farrell. Jamie Foxx will be taking on the role of Daddy Warbucks, renamed Will Stacks, and Cameron Diaz will be portraying the mean Orphanage-Mother, Miss Hannigan.

This updated version has businessman and mayoral candidate Will Stacks coincidently meet Annie on the street when he saves her from being hit by a van. When his associates suggest he take advantage of the good press by taking her into the public eye, the two quickly recognize how their new found friendship could be mutually beneficial. Expect the usual tears Annie incites, but more laughs as well.

Originally, Willow Smith had been signed to the role of Annie, but after she dropped out it went to the very talented, Oscar-nominee, Quvenzhane. This will be the first time that the role will be portrayed as a black girl, which has provoked some very controversial Twitter remarks. In a show of support for the lovely young star, The DL HUGHLEY SHOW proudly spoke out, stating, “We don’t understand how people can post such hateful comments about a young and talented girl, but in response, we’ll just smile and say DEAL WITH IT.”

The star studded involvement continues with producers of the film including Will Smith and Jay-Z, the latter of which will also act as Music Supervisor. And this is not the first time Jay-Z has taken an interest in the project; years ago he created a big hit by re-imaging the Annie theme, “It’s A Hard Knock Life”, which he sampled for his track “Hard Knock Life (Ghetto Anthem)”.

The long awaited for film is set to hit theatres on Christmas Day.