Will Smith To Marry Jada Pinkett

November 17 [7:55 EDT] -- Sometime rapper and full-time box office giant Will Smith has announced that he will marry his girlfriend, actress Jada Pinkett, before the end of the year.

It'll be her first marriage while Smith has a five-year-old son from his first marriage. The news comes right after reports that Smith is deep in negotiations with Universal to create a major multi-media company, through which he would release albums, movies, and TV shows. Smith has already sold Universal Pictures a film he wrote with Pinkett called "Love For Hire," and he plans to produce and star in an action film called "The Mart."

Smith, however, has not abandoned rap music, where he got his start. Smith's new album, "Big Willie Style," is due out on November 25.