Channing Tatum and Jenna Dewan Fought for Profits from “Magic Mike” Franchise
In 2012, the world was introduced to the steamy and seductive world of male stripping in the hit film “Magic Mike.” The movie, which starred Channing Tatum as the titular character, was a box office success, grossing over $167 million worldwide. It also spawned a sequel, “Magic Mike XXL,” released in 2015, which brought in over $122 million at the box office. However, behind the scenes, there was a battle brewing between Tatum and his then-wife Jenna Dewan over the profits from the franchise.
Tatum and Dewan, who met on the set of “Step Up” in 2006, were married in 2009 and had a daughter together. They were both heavily involved in the production of “Magic Mike,” with Tatum serving as the producer and Dewan as a co-producer. However, when it came to the profits from the film, things became complicated.
According to sources, Tatum and Dewan had a prenuptial agreement in place that stated that any earnings from their individual projects would remain separate. This meant that Tatum would keep all the profits from “Magic Mike,” while Dewan would not receive any. However, Dewan argued that she was instrumental in the success of the franchise and deserved a share of the profits.
Dewan’s argument was not unfounded. As a co-producer, she was involved in every aspect of the film, from casting to marketing. She also helped Tatum with choreography and was a major reason behind the film’s authenticity and success. Despite her contributions, she was not receiving any financial compensation.
Tatum, on the other hand, believed that the prenuptial agreement was clear and that he was entitled to keep all the profits from the franchise. He also argued that Dewan had her own successful career and did not need the money from “Magic Mike.”
The dispute between the couple became public when Dewan filed for divorce in 2018. In her divorce filing, she requested spousal support and a fair division of assets, including the profits from “Magic Mike” and its sequel.
The legal battle between Tatum and Dewan continued for over two years, with both parties refusing to back down. However, in January 2020, they finally reached a settlement. According to sources, Dewan will receive a lump sum payment from Tatum, as well as a percentage of the profits from “Magic Mike” and its sequel.
Despite the bitter dispute, both Tatum and Dewan have remained amicable and have put the needs of their daughter first. In a joint statement, they said, “We have
