She may have lost out to Jennifer Lawrence at the Academy Awards this evening, but Sony announced earlier today that Oscar-nominated actress Quvenzhané Wallis, 9, has been cast in Will Smith’s “Annie” remake.

“Annie” will debut in 2014 during the winter holiday season, and is based on the stage play about an orphan’s adventures in finding her family and a better life while overcoming the schemes of orphanage mistress Miss Hannigan.

“With the recent Academy Award nomination, Quvenzhané Wallis is a true star and we believe her portrayal as Annie will make her a true worldwide star,” Hannah Minghella, president of production for Columbia, said in a statement. “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.”

“Annie,” will be directed by Will Gluck (“Friends With Benefits”).

Wallis is nominated for an Academy Award for Best Actress for her portrayal of Hushpuppy in “Beasts of the Southern Wild.” She is the youngest Academy nominee in history.

The film’s co-producers are Will Smith, Jada Pinkett Smith and Shawn “Jay-Z” Carter. As previously reported, Willow Smith recently dropped out of the lead role.