Jenna Dewan’s divorce battle with Channing Tatum over his Magic Mike money is expected to be quite challenging.
Lawyer Neama Rahmani, who is not involved in the case, mentioned that it will involve a tough legal argument regarding community property. In a community property state, everything earned during the marriage is typically divided. However, the issue at hand is whether the additional Magic Mike revenues, such as sequels and the musical, count as money earned during the marriage. It is likely that they do not, making Jenna's legal fight an uphill battle.
Earlier this month, news came out that Dewan and Tatum, both 43 years old, had split in 2018 and officially became legally single in 2019. They were in the process of going to court to settle their divorce, which also involved the intellectual property of Magic Mike, a movie Tatum starred in back in 2012.
Court documents obtained by Us revealed that Dewan's lawyers claimed Tatum had not been completely transparent about his earnings from Magic Mike. While Dewan had received some money from Tatum over the years due to the success of Magic Mike, it was not a full and accurate representation of the brand's overall success. This includes not just the original movie, but also two sequels, a reality series, and various live stage shows.
"Just because the divorce is finalized, it doesn't mean one party is out of options. They can still reopen the case if they suspect fraud or financial wrongdoing," Rahmani clarified. "That's what Jen is claiming."
Legal Expert Breaks Down Channing Tatum and Jenna Dewans Magic Mike Money Battle
In a filing on Friday, April 12, Jenna Dewan and her team claimed that Channing Tatum and his business managers were concealing assets by putting the earnings from Magic Mike into various entities like LLCs, holding companies, and partnerships.
Tatum's lawyers countered by stating that the actor did not hide any money and instead placed it in protected trust. They also argued that Tatum has never refused to share their community assets or income with Dewan.
Rahmani clarified that if the Magic Mike sequels were released while Dewan and Tatum were still married, she would have a right to her share. The first sequel, Magic Mike XXL, came out in 2015 when the couple was still together. However, the latest film, Magic Mike's Last Dance, premiered in 2023, years after their separation.
"Unless the revenue generated during the marriage was actually earned during the marriage, even if it was paid at a later date, she might have a case," Rahmani explained. "But I don't believe she has a strong argument to stand on."
Dewan and Tatum, who have a 10-year-old daughter named Everly, are currently in a legal battle. Despite this, both of them have found new romantic partners. Dewan is in a relationship with Steve Kazee and they have a 4-year-old son named Callum. They are also expecting their second child together. On the other hand, Tatum recently got engaged to Zoë Kravitz in 2023.
Editor's P/S:
The divorce proceedings between Jenna Dewan and Channing Tatum have taken a complex turn, with Dewan alleging that Tatum has concealed earnings from the Magic Mike franchise. This legal battle highlights the challenges of dividing community property in a high-profile divorce. The issue of whether additional revenues from a business venture, such as sequels and spin-offs, count as marital assets is a complex legal matter that will require careful examination by the courts.
The case also raises concerns about financial transparency in celebrity marriages. Dewan's allegations suggest that Tatum may have taken steps to hide assets from her, which could impact the equitable distribution of marital property. It is important to note that the legal battle is ongoing, and the outcome will likely depend on the specific facts and circumstances of the case. However, the allegations made by Dewan serve as a reminder of the importance of full financial disclosure and transparency in any marriage, especially when significant financial assets are involved.