Quvenzhané Wallis and Jamie Foxx Boogie Down in First Trailer for Annie

'Annie' Trailer Stars Quvenzhane Wallis and Jamie Foxx
Quvenzhané Wallis as Annie

03/06/2014 AT 09:25 AM EST

Bet your bottom dollar you can't resist Quvenzhané Wallis in this first trailer for Annie.

The 10-year-old actress, an Oscar nominee in 2012 for Beasts of the Southern Wild, is ebullient as the young girl plucked from an orphanage by a wealthy politician, played by Jamie Foxx – much to the dismay of the cruel orphanage owner Miss Hannigan, played by Cameron Diaz.

This is the second film adaptation of the 1970s Broadway musical, which was in turn based on a 1920s comic strip. But it's been totally updated, from the glitteringly modern New York City skyline to the sly Facebook reference at the end of the trailer.

The movie hits theaters at Christmas.

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