New legal documents have revealed the financial details of Channing Tatum and Jenna Dewan’s divorce settlement. This comes after the former couple spent years battling over profits from the Magic Mike franchise.
Court filings show the couple agreed to split their assets following their 2018 separation. The documents outline how they divided property, investments, and income from various projects during their nine-year marriage.
The settlement resolves a lengthy dispute over the Magic Mike films and related ventures.
Dewan previously claimed she was entitled to a portion of the franchise’s profits. She argued the movies were developed during their marriage using community property – legal term for assets acquired during marriage.
The franchise began with the original Magic Mike film in 2012, followed by Magic Mike XXL in 2015. Both were released while the couple was married.
Financial Terms
The settlement includes specific provisions for ongoing Magic Mike revenue. This covers future films, merchandise, and the live stage show in Las Vegas.
Tatum will retain primary control of the franchise. However, Dewan receives compensation for her claimed stake in the property.
The documents also address their real estate holdings. The couple owned multiple properties in Los Angeles during their marriage.
Child Custody Agreement
The former couple shares custody of their 11-year-old daughter Everly. The settlement confirms their joint custody arrangement remains in place.
Both parents have moved on with new relationships. Tatum is engaged to actress Zoë Kravitz, while Dewan married actor Steve Kazee in 2020.
The legal battle dragged on for over six years after their initial separation. Both sides hired high-profile divorce attorneys to handle the complex financial negotiations.
Tatum filed for divorce in October 2018, six months after they announced their split. The couple had been married since 2009 after meeting on the set of Step Up.
The settlement brings closure to one of Hollywood’s more contentious divorce proceedings. The Magic Mike dispute became a focal point as the franchise’s value increased significantly during the legal process.
