Channing Tatum and Jenna Dewan Jason LaVeris/FilmMagic
Just about five several years after Channing Tatum and Jenna Dewan had been declared lawfully single, they however have aspects to iron out pertaining to their divorce settlement — and it’s all about Magic Mike cash.
Dewan, 43, submitted court documents on Wednesday, April 10, of her preliminary witness checklist to “testify about all concerns linked to the parties’ marriage including small business and monetary things to do.” Tatum, 43, submitted his very own listing that day and requested that equally Dewan and her fiancé, Steve Kazee, give court testimony about joint costs and living arrangements. Magic Mike director Steven Soderbergh is also on the witness checklist, according to legal filings obtained by Us Weekly.
For Dewan specifically, she is requesting 50 percent of Tatum’s mental assets earnings from Magic Mike and claimed that she and Tatum had formerly agreed to give her an equal share. The film, encouraged by Tatum’s past as a dancer, premiered in 2012 and has due to the fact spawned two sequels and a are living phase display in Las Vegas and London.
Dewan claimed that she is entitled to compensation from his salary because the movie “was designed and co-financed by Channing with neighborhood effort and marital cash,” even more alleging that they acquired the challenge collectively.
While Dewan and Tatum disagree more than the IP of Magic Mike, it is not the only way they make money. Dewan, for her portion, mainly will get cash flow from her wage she is an actress, who is at the moment starring ABC’s The Rookie. Supplemental revenue is accrued from other royalties (from previous acting employment airing in syndication, this sort of as Supergirl, Move Up and some others probable), brand partnerships (she has partnered with Wells Fargo, Lindt and Neostrata on Instagram in the past 12 months) and different investments. She also cofounded generation company 33andOut Productions with Tatum and various business partners.
She also owns her personal residence, paid by means of mortgage loan, where she lives with Everly. (Kazee, 48, also lives with Dewan, as does their son, Callum.) Dewan also handles Everly’s health-related fees and health and fitness insurance plan costs.
Tatum, for his component, also can make a living as an actor (he’ll star in Fly Me to the Moon reverse Scarlett Johansson as well as fiancée Zoë Kravitz’s directorial debut Blink Two times this 12 months). He also co-possess creation corporation 33andOut Productions with Dewan, as effectively as a different generation company, Iron Horse Amusement. In addition to royalties from his performing gigs and Magic Mike houses, he experienced produced several investments by way of the several years in businesses these kinds of as Manscaped, Runa power consume and extra. An October 2023 Forbes report put his believed net really worth at $80 million.
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Magic Mike is a different beneficial venture. Magic Mike grossed $167 million at the worldwide box office, with Magic Mike XXL earning $122 million and Magic Mike’s Last Dance pulling in $57 million. The stage residencies have tested financially rewarding, even spawning the Max reality display Getting Magic Mike. According to a February 2023 report by Bloomberg, the phase exhibit — with different productions in Las Vegas and London — marketed a lot more than $125 million worth of tickets.
A hearing in Dewan and Tatum’s circumstance took spot on Friday, April 12, where by Dewan’s law firm claimed that Tatum and his business supervisors are hiding the belongings as they positioned the Magic Mike earnings in “a complex world wide web of LLCs, holding companies, and partnerships, all of which are calculated to dilute and conceal the benefit of, and licensing revenue to, the neighborhood house Magic Mike intellectual assets and derivative belongings.” She also statements he “engaged in a wide range of self-working transactions developed to disguise Magic Mike intellectual property and spinoff asset money as functionality and consulting service fees.”
“The Magic Mike intellectual assets and all the proceeds thereon is the elephant in the space,” Dewan’s attorney, Samantha Spector, informed the judge. “We have, for the last few of decades, been attempting to meaningfully resolve this circumstance, but each time we do, we get stuck on that problem with Magic Mike. We are working with a opportunity billion-dollar asset.”
Dewan wishes a individual demo over the Magic Mike assets for the court docket to determine what fiduciary responsibility Tatum has, if he is in breach of mentioned responsibilities and what damages Dewan is entitled to.
Tatum’s lawyers denied on Friday that the actor hid proceeds by means of shielded rely on, asserting that he’s “never denied” Dewan a share of their community belongings or profits.
“All transactions were being designed at arm’s length Petitioner was represented by counsel, signed present tax returns, and actively participated in transactions for the reward of the neighborhood and the parties’ daughter,” his legal professionals wrote in an affidavit, for each the Daily Mail. “The proof will exhibit Respondent [Tatum] has by no means taken actions to detriment the neighborhood or Petitioner [Dewan].”
Tatum’s team also claimed that Magic Mike was the most profitable right after he and Dewan separated in 2018. Us Weekly confirmed in November 2019 that a decide granted the pair’s ask for to be deemed lawfully single, at which position they agreed to share joint physical and legal custody of daughter Everly.
For each Dewan’s crew, after they settle the Magic Mike dispute, she is willing to operate on an arrangement with regards to other property and custody. She famous that the trial’s end result will have an impact on the revenue readily available to provide for baby guidance and reimbursement claims.
