Jenna Dewan and Channing Tatum finally SETTLE divorce spat over Magic Mike Money – six years after separating
The heated court battle between Jenna Dewan and Channing Tatum over the Magic Mike franchise is finally over as the former couple has come to an agreement and settled their divorce.
Talks between the exes have been stalled for years as the ex-spouses feud over intellectual property and the division of money Tatum earns from the successful film franchise.
While details of the settlement are not public, the two signed a binding ruling this week that finally resolves the dispute.
This means that the trial between the warring exes, which was scheduled for December, will now not go ahead.
Should Tatum or Dewan ever have a custody dispute in the future, they have agreed to privately discuss it with a judge, according to court documents filed with a Los Angeles judge.
Both also agreed to waive spousal support.
Dewan and Tatum married after meeting on the set of the 2006 film Step Up.
Jenna Dewan and Channing Tatum have officially settled their contentious divorce over their dispute over the Magic Mike franchise. The former couple has been together since
Tatum’s 2012 Magic Mike film spawned two sequels, a live show in Las Vegas and a reality series on HBO
In 2018, they announced their split in a joint statement on social media, saying that “there were no secrets or obscene events behind our decision.”
“Absolutely nothing has changed about how much we love each other, but love is a beautiful adventure that will take us down different paths for the time being,” the exes said in the statement.
Though the couple has only been officially single since November 2019, their divorce proceedings have stalled due to Tatum’s lucrative Magic Mike deals, which stemmed from the hit 2012 film.
The Hartford, Connecticut, actress claims that the money they spent during their 10-year marriage helped fund the Magic Mike franchise, which includes two sequels, an HBO reality show called Finding Magic Mike, and a live show in Las Vegas.
Tatum and the film’s director, Steven Soderbergh, co-financed the project, which was largely based on Tatum’s own early experiences as a stripper in Florida.
Their $7 million investment became a blockbuster, grossing $167 million worldwide.
Celebrity attorney Samantha Spector, who represents Dewan, wrote in court documents that Tatum’s legal team “has deprived Jenna of a fair and equal share of our joint estate, and is harming her every day as this matter proceeds.”
Spector estimated that the Magic Mike venture is “a potentially billion-dollar business.”
Tatum is engaged to actress Zoë Kravitz, 35
Tatum’s attorney, Jacqueline Combs, maintained that the Magic Mike franchise made most of its money after the actor and Dewan had already split.
The actor stated in court documents that he always agreed to his ex getting a piece of Magic Mike.
“I have never denied her her share of the community assets or income,” the 44-year-old star wrote. “Her claims that I ‘colluded with third parties’ are completely false.
“She has had full access to all of our financial records for all activities during our marriage and since the divorce. I continue to keep her informed of financial matters surrounding Magic Mike.”
The former Step It Up co-stars have a daughter together, 11-year-old Everly, of whom they have 50/50 custody, a deal they both agreed to in February 2020.
The 43-year-old actress shares Callum and her daughter Rhiannon with her fiancé Steve Kazee
Tatum is engaged to actress and director Zoë Kravitz, 35, and stars in her directorial debut Blink Twice.
Dewan has been engaged to actor Steve Kazee, 48, since 2020. Dewan and Kazee are parents to Callum, four, and their daughter Rhiannon.
The actress posted “Thank you universe” on her Instagram along with a smiling selfie on Wednesday, a day after she and Tatum signed the final divorce agreement.