The $100 Million Magic Mike Money Mystery: 5 Shocking Revelations From Jenna Dewan And Channing Tatum’s Final Divorce Settlement

The six-year-long legal saga between Hollywood power couple Jenna Dewan and Channing Tatum has finally reached its conclusion. In a major development in late 2024, the former Step Up costars officially finalized their divorce, putting an end to one of the most contentious and closely-watched celebrity splits in recent memory. The separation, which began in 2018, was prolonged by a bitter financial dispute centered on the lucrative profits from the Magic Mike franchise, a cornerstone of Tatum’s career that was developed during their marriage. This final settlement provides long-awaited clarity on the division of assets, custody arrangements for their daughter, and the resolution of the multi-million dollar 'Magic Mike' money mystery.

This is the most up-to-date information as of December 2025. The final agreement, filed in a Los Angeles court, reveals the specific terms both parties agreed to after a protracted legal battle that saw accusations of financial stonewalling and attempts to disqualify legal teams. The settlement details are not just about money; they paint a picture of how two Hollywood stars successfully transitioned from a fairytale romance to amicable co-parenting while navigating complex community property laws.

The Former Hollywood Royalty: Full Biographical Profiles

The relationship between Jenna Dewan and Channing Tatum began on the set of the 2006 dance film Step Up, leading to a marriage in 2009. Their separation in 2018 shocked fans worldwide. Below is a detailed profile of the two stars whose financial and personal lives were intertwined for nearly a decade.

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Jenna Dewan: Actress, Dancer, & Author

• Full Name: Jenna Lee Dewan
• Born: December 3, 1980 (Age: 45)
• Birthplace: Hartford, Connecticut, USA
• Career Highlights: Began as a backup dancer for artists like Janet Jackson and Christina Aguilera. Starred in Step Up (2006), Witches of East End (2013–2014), and currently appears in the TV series The Rookie as Bailey Nune. She is also a host and author.
• Key Relationships: Married Channing Tatum (2009–2019, separated 2018). Engaged to actor Steve Kazee (since 2020).
• Children: Everly Tatum (with Channing Tatum), Callum Michael Rebel Kazee (with Steve Kazee), and is currently expecting her third child.

Channing Tatum: Actor, Producer, & Entrepreneur

• Full Name: Channing Matthew Tatum
• Born: April 26, 1980 (Age: 45)
• Birthplace: Cullman, Alabama, USA
• Career Highlights: Started as a model before transitioning to acting. Breakthrough roles include Step Up (2006), G.I. Joe: The Rise of Cobra (2009), 21 Jump Street (2012), and the highly successful Magic Mike franchise (2012–present), which he also produces.
• Key Relationships: Married Jenna Dewan (2009–2019, separated 2018). Dated and was briefly engaged to actress/director Zoë Kravitz (2021–2024).
• Children: Everly Tatum (with Jenna Dewan).

The Five Biggest Revelations from the Final Divorce Settlement

The protracted nature of the divorce was largely due to the complexities of dividing the marital wealth, specifically the intellectual property and profits generated by the Magic Mike franchise. The final settlement, which was sealed in many respects, still revealed key financial and custody decisions that finally bring closure to the high-profile case. The resolution is a landmark example of how high-net-worth celebrity divorces handle assets developed during the marriage.

1. The Magic Mike Money Dispute is Officially Resolved

The central point of contention in the divorce was the division of earnings from the Magic Mike franchise, which includes three films, a hit Las Vegas live show, and a television reality show. Jenna Dewan had previously accused Tatum of failing to provide a full accounting of the profits, arguing that the lucrative enterprise was a community property asset developed while they were married. The final agreement confirms that both parties reached a confidential settlement regarding the division of the intellectual property (IP) and its profits. While the exact percentage is not public, the resolution means Dewan has secured a share of the franchise's ongoing earnings, acknowledging its status as a marital asset.

2. Mutual Waiver of Spousal Support

A significant detail confirmed in the settlement documents is that both Channing Tatum and Jenna Dewan have mutually waived their right to spousal support (alimony). This decision indicates that both stars are financially independent and able to maintain their respective lifestyles without ongoing financial assistance from the other. This is a common feature in high-earning celebrity divorces where both parties have established successful careers.

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3. Equal Split of Retirement Benefits

In a move that emphasizes the equal division of assets accumulated during their marriage, the settlement mandates that both Tatum and Dewan will receive 50% of the other's retirement benefits under the Screen Actors Guild-Producers Pension Plan. This ensures that both parties benefit equally from the years of work put in while they were a married unit, solidifying the legal concept of community property.

4. Joint Custody and Private Co-Parenting for Everly

The former couple shares one daughter, Everly, who was born in 2013. The final divorce agreement confirms that Channing Tatum and Jenna Dewan have agreed to joint legal and physical custody. Crucially, the documents also state that any future disputes regarding their parenting schedule or their daughter's well-being will be resolved privately with the assistance of a judicial officer, rather than in open court. This commitment to private co-parenting demonstrates a desire to shield Everly from the public and legal spotlight that defined the last six years of their split.

5. New Chapters: Engagements and Breakups in the Aftermath

The finalization of the divorce clears the path for both stars to fully embrace their new lives and relationships. Jenna Dewan has been engaged to actor and singer Steve Kazee since 2020, and the couple welcomed their first child together, Callum, shortly thereafter. They are currently expecting their second child, further expanding their blended family. Meanwhile, Channing Tatum’s public relationship with actress and director Zoë Kravitz also saw a major development. After dating for several years and confirming their engagement in late 2023, reports in late 2024 indicated that the couple had called off their engagement and parted ways. This unexpected twist means both stars are navigating significant personal changes as they close the chapter on their marriage.

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The End of a Six-Year Legal Battle: What This Means for Community Property

The long-running divorce between the Step Up costars serves as a high-profile case study in the complexities of California's community property laws, especially concerning intellectual property. The fact that the divorce took six years—two years longer than their public separation—highlights the difficulty in valuing and dividing a massive, ongoing asset like the Magic Mike franchise, which was conceived and launched during the marriage. Jenna Dewan's legal team successfully argued that the profits were part of the marital estate, a legal victory that sets a precedent for how creative ventures developed during a marriage are handled in celebrity divorces. The final, confidential settlement over the IP, combined with the clear-cut division of retirement accounts and the waiver of spousal support, signifies a complete financial disentanglement.

In a recent essay following the finalization of the divorce, Jenna Dewan reflected on the "fresh start" the closure provides, emphasizing the importance of moving forward and focusing on her growing family with Steve Kazee. For Channing Tatum, the finality allows him to concentrate on his producing career and his life as a dedicated co-parent to Everly. The resolution ensures that while the romantic relationship is over, their professional and parental relationship can continue on a stable, legally defined footing, finally bringing peace to one of Hollywood's most turbulent splits.