Channing Tatum has responded to the allegations made by his ex-wife, Jenna Dewan, accusing him of concealing millions of dollars from the Magic Mike franchise.
Tatum denies the claims, stating that he has always been transparent about the financial aspects and denies any wrongdoing.
The former couple, who began dating in 2006 after meeting on the set of Step Up later got married in 2009. They also have one daughter together in 2013
However, the couple announced splitting in 2018 and their divorce becoming finished in November of the following year.
The financial matters between the two have remained unresolved, leading to an ongoing legal battle.
Dewan, who is now engaged to actor and singer Steve Kazee, has sought a larger portion of the profits from the highly successful Magic Mike franchise, which was established during their marriage.
She alleges that Tatum intentionally attempted to hide his earnings from the franchise by creating a complex network of LLCs, holding companies, and partnerships.
On the other hand, Tatum strongly denies these allegations.
According to court documents, he asserts that he has always been willing to include Dewan in the financial aspects of the Magic Mike intellectual property and related entities.
He states that he has never dismissed her share of community assets or income.
Tatum insists that Dewan has had complete access to all financial records throughout their marriage and since their separation.
He has continued to provide her with updates regarding the financial matters related to Magic Mike.
The actor firmly denies Dewan's claim that he colluded with third parties, emphasizing that these allegations are entirely false.
Other financial aspects lead to their debates.
Apart from the dispute over Magic Mike's earnings, there are other unresolved issues between the former couple, including the division of assets, spousal support, and child support.
Dewan has filed a motion requesting a separate trial specifically for the Magic Mike revenue matter, while Tatum prefers to resolve all disputes together to push the finalization of their divorce case.
Regarding spousal support, Tatum believes that Dewan's request is not appropriate, stating that she is capable of contributing to her support.
He highlights that she will receive her fair share of community property, residuals, royalties, and income from other investments.
Tatum also points out that Dewan has already received significant cash assets from the divorce and will receive additional assets when the remaining estate is divided.
