No, Will Smith is not directly involved in the production of the hit Netflix series “Cobra Kai”. The show was created by Josh Heald, Jon Hurwitz, and Hayden Schlossberg, and is a continuation of the “Karate Kid” film franchise, which originally starred Ralph Macchio and Pat Morita.

However, Will Smith does have a connection to the “Karate Kid” franchise. In 2010, he produced a remake of the original “Karate Kid” film, which starred his son Jaden Smith and Jackie Chan. This film was a commercial success, grossing over $359 million worldwide.
Furthermore, it’s worth noting that Will Smith’s production company, Overbrook Entertainment, was involved in the early development of “Cobra Kai”. In 2016, it was reported that Overbrook had been developing a “Karate Kid” TV series with Sony Pictures Television, which was eventually picked up by YouTube Red (now YouTube Premium). While Overbrook was initially attached to the project, it’s unclear how involved they were in the development of the final product.
Regardless of Will Smith’s involvement, “Cobra Kai” has become a massive success for Netflix. The show, which debuted in 2018, has been praised for its ability to blend nostalgia with modern storytelling, and has garnered a devoted fanbase. The series picks up 30 years after the events of the original “Karate Kid” film, and follows the lives of Johnny Lawrence (played by William Zabka) and Daniel LaRusso (played by Ralph Macchio) as they continue their rivalry and train a new generation of karate students.
In conclusion, while Will Smith is not directly involved in the production of “Cobra Kai”, he does have a connection to the “Karate Kid” franchise through his production of the 2010 remake. Additionally, his production company was involved in the early development of “Cobra Kai”, though it’s unclear how involved they were in the final product. Regardless, “Cobra Kai” has become a massive success for Netflix, and has captivated audiences with its blend of nostalgia and modern storytelling.