Cannon Films reused many of same sets. For example the set for the princess's bedroom is the same as nursery from "Rumpelstiltskin" with the murals removed from the walls.
Part of the "Cannon Movie Tales" series, nine feature films based on classic fairy tales that were produced by Menahem Golan and Yoram Globus for the Cannon Group in the mid 1980s. All of the films featured well-known actors from the U.S. and U.K. and were shot on-location in Israel. Although the series was originally conceived to have sixteen films, production stopped at nine when Rumpelstiltskin (1987) flopped at the box office, and the remaining films were sent directly to video. Despite their commercial failure, the Movie Tales garnered a cult following after the Disney Channel began airing them as "Storybook Cinema" in 1988. The nine films in the series are: The Frog Prince (1986), Sleeping Beauty (1987), The Emperor's New Clothes (1987), Rumpelstiltskin (1987), Snow White (1987), Beauty and the Beast (1987), Hansel and Gretel (1987), Puss in Boots (1988), and Red Riding Hood (1987).
This was the second time Helen Hunt appeared in a film with an actress who played Annie. Aileen Quinn starred in the movie production of Annie (1982), and Sarah Jessica Parker who starred in Girls Just Want to Have Fun (1985) with Helen Hunt the previous year played Annie in the Broadway production.