Jenna Dewan and Channing Tatum settle Magic Mike money dispute

Jenna Dewan and Channing Tatum have resolved their long-standing dispute over the financial aspects of the Magic Mike franchise, concluding a contentious court battle that lasted for years. The couple, who separated in 2018, had been in disagreement over the distribution of earnings from the franchise, which has proven to be highly lucrative. Although the specifics of the settlement remain confidential, both parties signed a binding judgment that eliminates the need for a scheduled trial in December. The former couple, who share custody of their 11-year-old daughter Everly, have agreed to handle any future custody disagreements privately with a judge. They also mutually waived spousal support, indicating a desire to move forward amicably. Tatum's attorney emphasized that the majority of the franchise's earnings occurred after the couple's separation, while Tatum maintained that he had always been willing to share profits with Dewan. Dewan and Tatum first met on the set of the 2006 film Step Up and married shortly thereafter. Their split was announced through a joint social media statement, emphasizing that their decision was not due to any scandalous events. Both have since moved on, with Tatum engaged to Zoë Kravitz and Dewan engaged to Steve Kazee. The resolution of their financial dispute marks a significant step in their post-marriage relationship, allowing both to focus on their respective careers and family life without the burden of ongoing legal battles. Dewan expressed gratitude on social media following the settlement, indicating a positive outlook for her future.