Channing Tatum is fighting his ex-wife Jenna Dewan’s demands for a larger share of the profits from his ‘billion-dollar’ Magic Mike movies and live shows.
Six years after their split, Dewan, 43, claims Tatum secretly conspired with others to hide his earnings from the sexy male stripper franchise that was created when the two were still married.
But in new court documents uncovered exclusively by DailyMail.com, the 44-year-old star vehemently challenges the allegation, saying: “I have always agreed that she has an interest in the intellectual property of Magic Mike and related entities.”
‘I have never denied him his share of any community assets or income. His claims that I have “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 separation. She continued to provide him with updates on Magic Mike’s financial matters.”
Dewan claims that her ex-husband Tatum hid profits from the Magic Mike movies in a trust, but he denies those claims.
Channing Tatum (pictured with actress Zoë Kravitz) denies his ex’s accusations that he tried to hide earnings from his Magic Mike movies.
Dewan is expecting her second baby with fiancé Steve Kazee and the couple was spotted at the Fashion Trust US Awards 2024 on April 9 this year.
While the couple officially divorced in November 2019, issues such as Magic Mike’s earnings, division of assets, spousal support, and child support for their 10-year-old daughter Everly remain unresolved despite years of legal battles.
Now, Dewan, who is engaged to actor-singer Steve Kazee and is expecting their second child next month, has filed a motion asking the Los Angeles Superior Court to have the issue of Magic Mike’s income “bifurcated,” meaning that would be dealt with in a trial. separate from the other topics.
Meanwhile, Tatum opposes the split and wants all of their disputes resolved together, “to finalize our divorce case without further delay” and accuses his ex of “delaying tactics to prolong the resolution of our financial agreement… and look for a windfall on my part.”
Now engaged to actress Zoe Kravitz, 35, Tatum is also against paying spousal support to his ex-wife, saying in his new court filing: “I do not believe (Dewan’s) request for spousal support is appropriate.”
‘We had a short-lived marriage of eight years and eight months and separated over six years ago. Dewan began living with her fiancé (Steve Kazee) shortly after our separation five and a half years ago.
‘Dewan works, can contribute to his own livelihood and will receive half of the community property, residuals and royalties and income from other investments.
‘You will also earn significant investment income from the cash assets you received following our divorce. She has received millions of dollars in cash assets.
‘You will receive additional cash assets when the remainder of our estate is divided and post-separation accounting is finalized.
‘There are not and have never been orders for temporary spousal support. I believe he is now asking me for spousal support to further delay our financial agreement.
The former couple, who were married from July 2009 to November 2019, share a 10-year-old daughter, Everly, but have since had other relationships.
Magic Mike’s success story, based on Tatum’s previous experiences as a stripper in Florida, began in 2012 with the first film. He and the film’s director, Steven Soderbergh, co-financed the project.
Its $7 million investment became a box office hit, earning $167 million worldwide. Then came two more movies, followed by touring striptease shows that have also been huge hits.
At a hearing last month, Dewan’s attorney, Samantha Spector, described the Magic Mike business as “a potential multibillion-dollar asset.”
Tatum’s lawyer, Jacqueline Combs, insists that the Magic Mike franchise made most of his money after he and Dewan had already broken up.
And in his 64 pages of new court documents, Tatum says that while he and several outside business partners had invested money, time and effort to make the Magic Mike brand a success, “Dewan has contributed no effort to improve the intellectual brand of Magic Mike”. property.
Tatum (with Kravitz) starred in and co-financed the film Magic Mike, which became a critical and box office success and grossed around $167 million worldwide.
‘Contrary to what Dewan claims, I have only acted in the best interests of the community during our marriage and since separation.
‘I have made significant post-separation efforts to enhance Magic Mike’s intellectual property and have also licensed my name and likeness to the related business.
‘I believe these post-separation efforts give rise to my separate property rights in those assets, but they have also benefited the community. Without my post-separation efforts, the Magic Mike entities would have failed.’
As for Dewan’s claim that she was secretly hiding money in a trust, Tatum adds: “She’s wrong.
‘Together, Dewan and I established an irrevocable trust to invest in certain businesses and made Everly the sole beneficiary. This was done with Dewan’s knowledge and participation.’
The former couple is due back in court on May 15 for a judge to hear Dewan’s bifurcation motion. The trial is scheduled for December.
