Channing Tatum and Jenna Dewan resolve 'Magic Mike' dispute as they finalize divorce 6 years after split
LOS ANGELES, CALIFORNIA: Jenna Dewan and Channing Tatum have officially settled their long-running legal dispute over the financial proceeds of the 'Magic Mike' franchise, ending a six-year battle that followed their separation in 2018, as reported by The Daily Mail.
The former couple, who rose to fame together after meeting on the set of 'Step Up' in 2006, had been locked in negotiations for years over Tatum’s earnings from the wildly successful 'Magic Mike' franchise.
Jenna Dewan and Channing Tatum's resolution after years of legal disputes
The settlement comes just weeks before a trial was set to begin in December. While the details of the agreement remain confidential, both Dewan and Tatum signed a binding judgment this week, effectively bringing an end to their high-profile legal spat.
According to court records, if any future disagreements over custody or financial matters arise, the couple has agreed to handle them privately with a judge.
Notably, both Dewan and Tatum have waived any claims for spousal support from each other, focusing their negotiations on 'Magic Mike'—a franchise that has spawned two movie sequels, a reality show on HBO ('Finding Magic Mike'), and a live Las Vegas production.
'Magic Mike' franchise earnings
The key issue in their divorce revolved around how profits from the 'Magic Mike' franchise should be divided. Dewan, through her attorney Samantha Spector, argued that Tatum’s initial $7 million investment in the franchise, which grossed $167 million globally, was financed during their 10-year marriage.
Dewan’s legal team estimated that 'Magic Mike' had grown into a potential billion-dollar asset, asserting she was entitled to a fair share of the profits.
Tatum, however, contended that the bulk of the franchise’s success occurred after their separation in 2018. In court documents, the 44-year-old actor claimed he had never denied Dewan her rightful share of community assets.
He also maintained that she had access to all financial records related to the franchise and that he had always kept her informed about financial updates.
Despite their financial disputes, Dewan and Tatum have maintained a civil co-parenting relationship for their 11-year-old daughter, Everly. The pair had already agreed to joint 50/50 custody of their daughter in February 2020. With this latest legal battle behind them, they are expected to continue co-parenting amicably.
The former couple announced their split in 2018, citing no “secrets nor salacious events” behind the decision, and officially finalized their divorce in 2019. Despite the drawn-out legal process, both Dewan and Tatum seem ready to move forward, leaving their contentious financial disagreements in the past.
Tatum is currently engaged to the 35-year-old actress and director Zoë Kravitz, and will appear in her directorial debut, 'Blink Twice'.
Dewan, who has been engaged to actor Steve Kazee, 48, since 2020, shares two children with him: four-year-old Callum and their infant daughter, Rhiannon.
Channing Tatum and Jenna Dewan’s six-year divorce settlement sparks Internet discussion
The lengthy divorce settlement between Channing Tatum and Jenna Dewan has reignited debates across social media, with the internet weighing in on the fairness of the financial dispute over the franchise and the nature of Hollywood divorces.
One user commented, “Well, at least it is over. They are both better actors than I thought if they could hide all that animosity from the court and pretend to be cordial with each other in front of their daughter. Fair is fair. One partner should not walk away from a marriage with an inequitable share of what they earned together.”
“Why would anyone want to battle for money from an ex’s earnings when she’s got money herself?! That’s his money and as long as he’s providing his share for their daughter, then that’s all she needs. She’s even remarried! That’s so bad,” wrote another user.
One user stated, “She doesn’t deserve any money from his acting jobs... She was the one who wanted to divorce and such, so she should get nothing.”
Another added, “Dang she had two whole babies with another man while still married. That doesn’t look good on paper.”
“Team Tatum. That woman is a leech,” remarked another commenter.
The other user wrote, "In Hollywood divorce lasts longer than marriage."
This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.
