Channing Tatum and Jenna Dewan Explain Finances Amid Magic Mike Battle

Almost five years later Channing Tatum And Jenna Dewan have been declared legally single, they still need to work out details regarding their divorce agreement – and that’s all Magic Mike Money.

Dewan, 43, filed court documents on Wednesday, April 10, with her preliminary witness list to testify “on all matters relating to the parties’ marriage, including business and financial activities.” Tatum, 43, submitted his own list that day, demanding that both Dewan and her fiancé, Steve Kazeemake statements in court about shared expenses and living conditions. Magic Mike director Steven Soderbergh is also on the witness list, according to court documents Us weekly.

For Dewan in particular, she is demanding half of Tatum’s intellectual property revenue Magic Mike and claimed that she and Tatum had previously agreed to give her an equal share. The film, inspired by Tatum’s past as a dancer, premiered in 2012 and has since spawned two sequels and a live stage show in Las Vegas and London.

Dewan claimed that she was entitled to compensation from his salary since the film was “developed and co-financed by Channing with community effort and marital funds,” and further claimed that they acquired the project together.

While Dewan and Tatum disagree about the IP of Magic Mike, it is not the only way to make money. For her part, Dewan derives her income primarily from her salary; She is an actress currently starring in the ABC series The beginner. Additional income comes from other royalties (from previous acting jobs that aired in syndication, such as Supergirl, Step up and others likely), brand partnerships (she has collaborated with Wells Fargo, Lindt and Neostrata on Instagram in the last year) and various investments. She also founded the production company 33andOut Productions with Tatum and several business partners.

She also owns her own home, paid for with a mortgage, where she lives with Everly. (Kazee, 48, also lives with Dewan, as does her son Callum.) Dewan also covers Everly’s medical and health insurance costs.

Tatum, for his part, also makes a living as an actor (he is featured in “ Fly me to the moon Opposite Scarlett Johansson as well as fiancées Zoë Kravitz’s directorial debut Blink twice this year). He is also co-owner, along with Dewan, of the production company 33andOut Productions and another production company, Iron Horse Entertainment. In addition to royalties from his acting appearances and Magic Mike Over the years, he had made numerous investments in companies such as Manscaped, Runa Energy Drink and others. An October 2023 Forbes report put his estimated net worth at $80 million.

Magic Mike is another lucrative venture. Magic Mike grossed $167 million at the global box office Magic Mike XXL Earn $122 million and Magic Mike’s Last Dance Grossed $57 million. The stage residencies have proven profitable and even spawned the reality show “Max.” Find Magic Mike. According to a February 2023 report by Bloombergthe stage show – with separate productions in Las Vegas and London – sold more than $125 million in tickets.

A hearing in the Dewan and Tatum case was held on Friday, April 12, where Dewan’s attorney claimed that Tatum and his directors hid the assets when they placed them Magic Mike Revenue in “a complex web of LLCs, holding companies, and partnerships, all designed to dilute and obscure the value of common property and the resulting royalty income.” Magic Mike intellectual property and derivative assets.” She also claims he “engaged in a series of self-serving transactions designed to conceal.” Magic MikeRevenues from intellectual property and derivative assets are calculated as performance and advisory fees.”

“The Magic Mike “Intellectual property and the entire proceeds thereof are the elephant in the room,” said Dewan’s attorney. Samantha Spector, the judge said. “We have been trying to solve this case in a meaningful way for the past few years, but every time we get stuck with this problem Magic Mike. We are dealing with a potential billion-dollar fortune.”

Dewan wants a separate trial about this Magic Mike assets so that the court can determine what Tatum’s fiduciary duty is, whether he is breaching those duties, and what damages Dewan is entitled to.

Tatum’s lawyers denied Friday that the actor hid proceeds through a protected trust and claimed he “never” denied Dewan a share of their community assets or income.

“All transactions were carried out at arm’s length; “Plaintiff was represented by counsel, signed gift tax returns, and actively participated in transactions for the benefit of the community and the parties’ daughter,” his attorneys wrote in an affidavit Daily Mail. “The evidence will show the defendant [Tatum] has never taken any action that harms the community or the applicant [Dewan].”

Tatum’s team also claimed the same Magic Mike was the most profitable after he and Dewan split in 2018. Us weekly confirmed in November 2019 that a judge had granted the couple’s request to be deemed legally single, after which they agreed to take joint custody of daughter Everly.

Per Dewan’s team once they sort this out Magic Mike In the event of a dispute, she is willing to work on an agreement on additional assets and custody. She noted that the outcome of the trial will impact the income available for child support and reimbursement claims.