Channing Tatum Fighting Estranged Wife Jenna Dewan’s Demand That She’s Awarded 50% Of Profits From His ‘Magic Mike’ Empire

Channing Tatum, Jenna Dewan

Channing Tatum Fighting Estranged Wife Jenna Dewan’s Demand That She’s Awarded 50% Of Profits From His ‘Magic Mike’ Empire

Movie star Channing Tatum doesn’t think his estranged wife Jenna Dewan is owed an equal portion of his Magic Mike money.

The former couple are currently waging war with one another over the matter in court amid their ongoing divorce.

Channing Tatum, Jenna Dewan

According to a report from RadarOnline, Jenna Dewan recently submitted a court motion in the divorce case maintaining her stance that she’s owed 50% profit from Channing Tatum’s “Magic Mike” empire. In case you’re unfamiliar, the original box office hit debuted at the height of the actor’s career in 2012, evolving into two sequels, a live show, a reality show, and various other associated businesses.

Jenna Dewan argues that the couple’s “community money” built the movie empire’s foundation, and thus she’s owed an equal amount of its profits. She also accuses her Step Up co-star of attempting to hide profits from the business by creating a “web” of LLCs and companies to shift money around with the help of his business partners. Her lawyers reportedly say in a court document:

“Jenna contends that Channing, with the participation and assistance of his business manager and other associates has created a complex web of LLCs, holding companies, and partnerships, all of which are calculated to dilute and conceal the value of, and licensing income therefrom, the community property share of Magic Mike intellectual property and derivative assets.”

Jenna Dewan

Channing Tatum, on the other hand, argues that his soon-to-be ex-wife should receive a cut of the profit, just not 50%. He denies Dewan’s claims that he’s attempting to hide money from her, writing in his own court response:

“[Dewan’s] allegations in her [motion] are false, unfounded and unsubstantiated by information and documents already in her possession, as further detailed below. I believe Petitioner is making these allegations as a delay tactic and to seek a windfall from me, ignoring my post-separation efforts to enhance the Magic Mike intellectual property and related businesses,” 

Channing Tatum

However, Dewan’s legal team has since responded, making it clear that they don’t intend to settle the matter without the actress being given the money she’s asking for, writing:

“Given [Tatum’s] professed goal of expediting the trial in this case, [Dewan] renews her request that [Tatum] simply stipulate that the Magic Mike Intellectual Property being held in the two holding companies is equally divisible community property.”

Tatum and Dewan married in 2009 and were together until 2018 when Dewan filed for divorce. The former couple share daughter Everly, who they welcomed in 2013. Both have since moved on, as Dewan is now engaged to entertainer Steven Michael Kazee while Tatum is engaged to actress Zoë Kravitz

The report notes that while the former couple were able to quickly agree on a custody settlement, they are still hashing out several other details of their divorce, including the division of assets and the issue regarding the Magic Mike profits. It has not been reported a judge ruled on the matter at this time.

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Authored by: Kay Johnson