Channing Tatum-Jenna Dewan divorce deal reveals who gets Magic Mike’s millions
Details of Channing Tatum and Jenna Dewan’s divorce settlement after years of litigation, including the division of retirement benefits and the ongoing dispute over Magic Mike’s earnings, have been revealed.
Actors Channing Tatum and Jenna Dewan have finalized their divorce settlement after a six-year legal process, which focused on the division of assets, especially income. Magic Mike Franchise. According to court filings, the former couple will receive 50 percent of each other’s retirement benefits earned during their marriage, as set out by the Screen Actors Guild-Producers Pension Plan for motion picture actors. The settlement follows a long and contentious process that began when Dewan filed for divorce in 2018.
The agreement states that the monetary benefit is calculated by dividing the pension credits earned during their marriage by the total pension credits accumulated over their respective careers. Payments will begin on a date determined by the recipient, but not earlier than the early retirement date of the earner as specified in the retirement plan.
Much of the agreement remains confidential, but both parties have waived spousal support. Dewan and Tatum, who share a 12-year-old daughter, have also agreed to resolve any future custody matters privately with judicial guidance.
A significant part of the legal dispute involved Magic Mike franchise, Dewan’s legal team argued that the intellectual property was acquired during the marriage. His lawyers described the franchise as a ‘million-dollar cultural phenomenon’, arguing that its earnings should be considered ‘community in character’.
Tatum’s legal representatives said Dewan was “involved in all aspects of community investments, opportunities and transactions” related to the 2012 film. In response to Dewan’s claims, Tatum said in a court filing, “I have never denied petitioner his share of any community property or income. I have always agreed to convey to petitioner his interest in the Magic Mike intellectual property and related entities.”
The legal process saw further challenges, with Tatum alleging that Dewan had attempted to ‘delay the case and increase the expense of litigation’.
Despite the controversial nature of the divorce, both Tatum and Dewan have made efforts to improve their relationship. in an interview with DiversityTatum reflected, “Jenna and I are good now, but the separation was a painful break, especially being so young,” adding, “We tried to keep it together, tried for a year and a half. Not to go into all that. It’s in the past.”
The couple, who married in 2009 and separated in 2018, have maintained an agreement that future issues related to their child and financial matters will be addressed privately, marking a significant change from their earlier public and lengthy legal dispute.
