Jenna Dewan's Claim to Channing Tatum's 'Magic Mike' Fortune: Lawyer's Statement

Jenna Dewan Claims Channing Tatum Hid Details About 'Magic Mike' Earnings

Jenna Dewan and Channing Tatum in ‘Magic Mike.’ Stefanie Keenan/Getty Images; Cover Images

Jenna Dewan and Channing Tatum's lawyers attended a court hearing on Friday, April 12, to discuss their divorce settlement. According to the Daily Mail, Dewan's attorneys stated that Tatum allegedly kept information about his earnings from Magic Mike hidden. They argued that Dewan should receive a portion of the profits since they were married when the movie was produced.

Dewan’s lawyer, Samantha Spector, reportedly expressed to the judge on Friday that the Magic Mike intellectual property and its profits are a significant concern. She mentioned that despite efforts to resolve the case over the past few years, the issue of Magic Mike always creates a roadblock. The potential value of Magic Mike is estimated to be in the billions of dollars.

Tatum was the star and producer of Magic Mike in 2012, which led to two sequels and a live show in Las Vegas and London. Dewan's lawyer argued that her client, who was married to Tatum during the development of the film, deserves fair and equal compensation.

Spector confirmed that Dewan did receive some money from Tatum. However, he argues that this doesn't fully reflect the success of Magic Mike. Dewan's team claims that Tatum has complete control over the finances in a trust, and she is not able to access it.

Jenna Dewan Claims Channing Tatum Hid Details About 'Magic Mike' Earnings

Channing Tatum in ‘Magic Mike.’ Cover Images

Tatum has not publicly addressed Dewan’s court claims. We has reached out for comment.

Earlier this month, it was reported that Tatum and Dewan, who were married from 2009 to 2019, were heading to court to finalize their divorce settlement. According to court papers, the former couple, along with Dewan's fiancé, Steve Kazee, would be providing testimony about their financial circumstances.

The documents also brought up Dewan's concerns regarding the Magic Mike franchise, where she claimed that Tatum was not willing to share the intellectual property equally. Tatum, in his response filed in court, denied these allegations.

Channing has put a lot of work into improving the Magic Mike brand and related assets since the separation. This has led to a debate over whether he should have a separate property interest in them. The Court will have to decide how to divide the community interest and Channing's separate property interest in these assets, taking into account the work he has done since the separation.

Jenna Dewan Claims Channing Tatum Hid Details About 'Magic Mike' Earnings

Channing Tatum and Jenna Dewan first crossed paths while working on the movie Step Up in 2006. Three years later, they tied the knot. Over the course of their ten-year marriage, they welcomed their daughter Everly, who is now 10 years old. Despite their separation in 2018 and legal single status in 2019, they maintain a 50/50 custody arrangement for Everly and have prioritized maintaining a friendly coparenting relationship.

"It's always a journey," Dewan shared with Romper during a January interview. She emphasized that the learning process never truly ends and that she prioritizes her daughter, Evie, above all else. By putting Evie first, Dewan feels better equipped to handle life's challenges.

Dewan has moved forward with Kazee, 48, with whom she now has a son named Callum. They are also expecting their second child together. Meanwhile, Tatum has found love with actress Zoë Kravitz, and the couple got engaged in 2023.

Editor's P/S:

The divorce settlement between Jenna Dewan and Channing Tatum continues to face hurdles, with Dewan's legal team alleging that Tatum concealed earnings from the "Magic Mike" franchise. This revelation highlights the complexities of dividing marital assets, particularly when intellectual property and potential multi-billion dollar profits are involved. Tatum's attorneys argue that he deserves a separate property interest in the franchise due to his significant contributions since their separation, while Dewan's team contends that she deserves fair compensation for her involvement during its development. The court's decision will have far-reaching implications for future divorce cases involving high-value intellectual property.

Amidst the ongoing legal proceedings, it's important to acknowledge the personal journey that Dewan and Tatum have embarked upon. Despite the challenges they have faced, they have prioritized the well-being of their daughter, Everly, and have maintained a friendly co-parenting relationship. Dewan's resilience in navigating this complex divorce while embarking on a new chapter in her life with her fiancé, Steve Kazee, is commendable. Tatum, too, has found happiness with his partner, Zoë Kravitz, and the couple's recent engagement is a testament to their love and support. It's evident that both Dewan and Tatum are committed to moving forward with grace and dignity, while ensuring the best interests of their children remain paramount.