Channing Tatum, Jenna Dewan Finalize Magic Mike Earnings in Divorce Deal

New court filings reveal the final financial terms between Channing Tatum and Jenna Dewan. The former couple has agreed to split pension benefits linked to their careers. This move ends a contentious six-year legal battle that centered on profits from the Magic Mike franchise.

The settlement, detailed in a November 26 filing obtained by E! News, provides a clear path forward. Both parties have waived spousal support and will share retirement funds accrued during their marriage. This brings a formal close to a dispute that began with their 2018 separation.

Pension Plan Details Outline a 50/50 Split

The specific agreement concerns the Screen Actors Guild-Producers Pension Plan. Tatum and Dewan will each receive 50 percent of the other’s benefits earned while married. The monetary value is calculated based on the pension credits accrued during their union versus their total career credits.

Payments will begin on a date chosen by the person receiving them. However, they cannot start earlier than the earner’s official retirement date as defined by the plan. This structured approach ensures a fair division of marital assets tied to their Hollywood careers.

The couple will handle future custody matters for daughter Everly privately with a judge. This agreement avoids public court battles over their 12-year-old child. Most other financial details of their divorce remain confidential.

Long Legal Fight Over Magic Mike Intellectual Property

The road to this settlement was lengthy and complex. According to previous E! News reports, Dewan filed a petition in April 2024. She sought a portion of Tatum’s total profits from the Magic Mike franchise, which became a cultural phenomenon.

Her legal team argued the intellectual property was acquired together during their marriage. They stated its earnings should be considered “community” property. Tatum’s team countered that Dewan had been involved in all community investment decisions regarding the original 2012 film.

In a May 2024 filing, Tatum denied withholding any community assets. He stated he always agreed Dewan should have an interest in the Magic Mike property. He argued the petition was designed to delay the case and increase litigation costs.

Despite the legal friction, both have moved on personally. Tatum has entered a new relationship, while Dewan is engaged to actor Steve Kazee. Tatum told Variety in September that they are now on good terms, calling the painful past “behind us.”

The settlement finally closes the book on a major Hollywood divorce. The agreement over Magic Mike earnings ensures both parties can move forward independently, with their shared parenting commitment intact.

Thought you’d like to know

What did Channing Tatum and Jenna Dewan agree to in their divorce?

They agreed to split pension benefits 50/50 from their marriage years. Both also waived any future spousal support from each other. They will handle custody matters for their daughter privately.

What was the main financial dispute in their divorce?

The core dispute was over earnings from the *Magic Mike* franchise. Jenna Dewan argued the intellectual property was acquired jointly during their marriage and its profits were community property. The recent settlement resolves this issue.

How long did their divorce process take?

Their divorce took over six years to finalize. They separated in 2018 and were declared legally single in September 2024. The recent pension agreement is part of the final financial settlement.

Do they share children together?

Yes, Channing Tatum and Jenna Dewan share one daughter, Everly, who is 12 years old. The settlement includes agreements for her custody and co-parenting arrangements moving forward.

Are Channing Tatum and Jenna Dewan on good terms now?

Yes, recent statements indicate they have mended their relationship. Channing Tatum said in a September interview that they are “good now” and that the difficult past is behind them.