Quvenzhané Wallis Quvenzhané Wallis

This Christmas, get ready for ... the hard knock life?

That's because this December marks the release of Annie. An update of the 1976 musical and the 1982 film, it stars Oscar nominee Quvenzhané Wallis as the titular character and Oscar winner Jamie Foxx as Benjamin Stacks (aka Daddy Warbucks, but with more hair).

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In the newly released trailer, fans can hear Wallis' take on "The Sun Will Come Out Tomorrow" and see just how mean America's sweetheart Cameron Diaz can be as the nasty Miss Hannigan. Plus: Damages alum Rose Byrne shows off some impressive dance moves. We can't wait to hear her sing something other than "That's What Friends Are For."

Check out the trailer below:

Are you excited for Annie?