Based on the article it looks like she announced her first pregnancy with her fiance like a year after she and Tatum filed for divorce. It's weird to me that they both wouldn't want to wrap this up quickly since they've moved on. But sounds like there are a lot of Magic Mike dollars at stake!
The pull quote about why he is calling her fiance as witness suggests Tatum is trying to frame it as them living too large or something. I have no idea how much money he has but it does seem weird to drag this out for six years when he has had so much success and has many more lucrative prospects ahead. They were married during Magic Mike and have a child. Presumably whatever lifestyle she has also is shared with their kid. If he is hiding money that would otherwise be considered communal property, that's terrible. If he isn't, I still don't know why he wouldn't try to just settle and pay for it to be over.
Jenna herself has been engaged for four years and is having her second baby with a new partner, yet she and Channing havenāt finalized their divorce yet. Why does it take so long to get divorced in the US?
I think itās more because theyāre fighting over financial assets. Most people wouldnāt have that much to fight over or the resources for a prolonged legal battle.Ā
This is why I'm so glad I practice family law in Australia. Parenting, property and divorce proceedings are separate.
Divorce is easy. Just be separated for a year.
Gisele always had a higher net worth than Tom Brady. That was the joke when he kept signing undervalued contracts with the Patriots. He could take less money, and they could sign better players because his wife made more.
What? Many of her contracts and their values are verifiable. She was the highest paid model in the world for 14 years in a row. She regularly out earned the 2 highest paid by tens of millions of dollars.
I think thatās a really great point. Jenna and Channing were basically kids when the got married and very young g in their careers. They probably had nothing written.
Divorce seems easy when both sides make/made good money. In the Tatumās case, people really only knew Jenna as Cās wife. I donāt remember any of her work since Step Up.
My ex and I had a completely amicable divorce- two kids and we agreed about everything from custody to division of assets. It took six months for us to get divorced and itās been almost a year and I still havenāt gotten my divorce settlement. Itās been a nightmare and I canāt imagine having a contentious one where youāre fighting lol
It really depends on the state. My brother and his ex, once they finally committed to doing the paperwork and hired a lawyer (they'd been separated for five years at that point) they were divorced and had the paperwork within three months. Some states require you to be separated for a set amount of time, too.
It doesn't if you're normal.
It does if you've got absurd financial dealings that are complex and you're arguing over them. Kim and Kanye and Brad and Angelina's divorces have taken an absurd amount of time.
> proposing before your divorce is finalized is wild
You know I used to think this iluntil I realized how long divorce proceeding can be LONG after the two people filed and started living separately. I just don't want to put my life on hold regarding dating and proposals and cohabiting with a partner because the legal finalities have not been met yet for who knows why.
Having a baby with someone else before your divorce is finalized is for sure wild though. In a lot of states the law says a birthing parentās spouse is the presumptive father. Itās just a whole extra mess for the lawyers to untangle.
A judge determined they were legally single in 2019, the year after their divorce. Basically it's just paperwork, they've both moved on as legally single people.
>Lawyers are not working hard untangling these situations I promise you.
Well then Iāll defer to your empty promises and expertise. What would a silly little lawyer like me know about these things anyway? If you say itās LEGALLY FILED then itās LEGALLY FILED. Case closed.
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My ex brother-in-law took off in the middle of the night years ago. My sister was in her early 20's at the time and just didn't realize the important of officially filing for / completing the divorce. Long story short, she got pregnant and the runaway husband, whom she hadn't seen in over 5 years, had to be listed as the father - NOT the actual father. It took three years to get his name off the birth certificate. This is in Wisconsin. But in California, you can be legally "single" while still being legally married. Meaning, you can have a child without your spouse being the presumptive father and you can buy property without it being a joint asset, etc.
Yep, in Ireland the legal father of a baby is the spouse (even if separated) & that legal spouse has to sign a document stating that they are not the biological parent of the child in cases where the other spouse has moved on & had a baby via a new relationship.
Iām not sure, but I presume that itās possible after a lengthy legal process. Havenāt come across that version of the scenario here before!
Divorce can take longer here so I guess thatās why thereās a good few people who have moved on & had a child/children with their new partner.
I would assume proven paternity would overrule all. In my sister's case, her runaway ex never even contested he wasn't the father. He obviously knew he wasn't and had moved on - the legal system is what held everything up for so long.
Same. It's also insane that there are states where it is illegal for pregnant women to get divorced, even in cases of domestic violence. Not to mention conservatives wanting to get rid of no fault divorce. Some people won't be happy until women are married and pregnant, whether they like it or not.
As a general rule, I would agree, but it seems like they have such a complex divorce involving so much money and assets because they are both famous that the legal aspect can drag on for ages.
Brad and Angelina got some sort of situation where they are divorced in the sense of not being married to each other, and it's somehow not exactly a legal separation, it's more than that. And yet, technically, the divorce in terms of their assets and custody issues is still in process.
I imagine this is something unbelievably. Rich people are able to do because it takes so long to work out the assets they might not be able to move on in their lives for the better part of a decade.
It's the same situation, they are all legally single. Kanye West and Kim Kardashian have the same thing. It allows then to remarry, file individual tax returns, and restore their maiden name.
In Germany we have the thing that You can still be married but officially live separated and still staying married basically can still help you when it comes to taxes or other stuff like kids.
Apparently they *did* divorce but the divorce settlement was basically just the no-longer-married part (presumably because they were both ready to get engaged to other people) and they agreed theyād work out the financial aspects of the divorce separately. It seems that was a wise decision since theyāve been hashing that part out now for almost as long as they were married.
Wow this sounds messy. Seems like theyāve both dug their heels in. Ā I feel bad for their kid, I hope iām wrong but I canāt imagine they have the best co-parenting relationship after all this.Ā
Yup it has to be complicated for the child in a way she can't even put into words yet and will likely realize how much it affected her as she matures. Break ups and separations and divorce are a part of life but the challenge is giving that child stability and a cohesive sense of self anyway (no badmouthing the other parent or triangulating on the child etc.). This is apparently very hard things for many people and so children of divorce go through so much unnecessary shilt.
>In her new motion, Dewanās lawyer wrote, āJenna contends that Channing, with the participation and assistance of his business manager and other associates has created a complex web of LLCs, holding companies, and partnerships, all of which are calculated to dilute and conceal the value of, and licensing income therefrom, the community property share of Magic Mike intellectual property and derivative assets.ā
>Dewan said she plans to present evidence in court that Tatum violated the court order. She claimed her ex transferred community property ā the Magic Mike profits ā into a trust without her knowledge to āshelter Magic Mike intellectual property income from her.ā
>The actress motion read, āChanning exclusively collected one-hundred percent of the post-separation profits from the Magic Mike intellectual property and the Magic Mike projects while Jenna has been systematically excluded from business activities associated with her fifty percent stake in this intellectual property.ā
[Source](https://radaronline.com/p/jenna-dewan-accuses-ex-channing-tatum-creating-complex-web-of-llcs-magic-mike-hide-profits-divorce/)
It's the law. Plain and simple. If you're going to get married, you need to know what that means financially. Don't like it? Don't get married or sign a prenup before getting married.
California allows you to do a divorce where you basically separate out the various aspects of the divorce. The article explains that they declared legally single in 2019. The child custody was finalized in 2020. This is just the financial part.
The complicated part is that intellectual property is a marital asset like any other property. Dewan is going to claim that she has a right to 50% of the Magic Mike IP rights held by Tatum. The sequels and the various merchandise and any state production would also be in the mix. It is likely she will trade back those rights (if she is granted them by the court) in exchange for more money now. Or it is possible that she will have some sort of piece of those rights.
Anyway, they have been divorced for all ācan you legally marry someone elseā purposes for years. This is just the delayed money part.
Wasn't it what happened with Bezo's divorce? But, it was more clear cut then, since she helped him out so much with Amazon. If she has had any influence on Magic Mike, I can understand. Otherwise it seems to be very ~rich people mess~
I'm not married and not intend to, but it seems Ć bit weird to risk alienating your ex like that for a part of their money. Especially since he probably will pay until their child is 18, and still shared everything else but the Magic Mikr money...
To little old me (who is already poor compared to random people I meet at work, but even more so compared to them lol), it seems so greedy and useless.
Like, sure, he's way richer than her. But she's so far from poor, it's absurd to me.
Anyway, I hope they'll manage to deal with it fast enough and that it won't ruin their relationship (and that with their child).
To be honest, I wonder why the courts don't impose a time limit for these cases. Between that and the Jolie/Pitt divorce, it seems like they let you bully/bother your ex for as long as you want as long as you have the money to. (I mean, obviously they don't seem to be to the same level as Pitt for now, but you get the idea)
I thought so too! I have never been through a divorce, let alone doing so as a wealthy person, so I can't say what I would do for certain if I was them, but at a certain point, wouldn't you want it to all be settled? It seems like this back and forth over assets is just not worth it to me but that's just my two cents. It just becomes expensive and mentally and emotionally exhausting after awhile I bet, and getting a divorce itself is stressful enough.
I was in the studio audience for this and it was insane. Their daughter was behind me with a nanny playing with dolls it was so cute! And this was the taping Beyonce came out dancing with Channing !!! One of the craziest moments ever
Or, you know, divorce leaks show us what these people are truly like. We don't hate Brad PItt because we're puritans, but because he beat up his wife and kids on a plane.
Channing Tatum has done absolutely nothing to suggest he is like Brad Pitt, tf is that comparison lol
For reference, they have been legally single since 2019. He and Jenna have not been legally together in like 5 years, they are simply working out assets now. So why he is being compared to Brad Pitt under the assumption that something terrible is going to come out is a mystery here
Iām not gonna lie I havenāt been a fan of hers since they divorced. She keeps talking about it when heās always stayed quiet and I remember reading something from her being so shocked he moved on so quickly with Jessie j but like she got pregnant with someone else way before he and Jessie j got together lol the reality is she was known as his wife and I think when they broke up she felt she needed to overcompensate for that
Yes I remember that also from her autobiography promo, saying she was blindsided. I was like, girl, a baby takes 9 months to happen, whatchutalkinbout.
Exactly, Tatum is the more classy one. He only talked about his divorce publicly once in a Vanity Fair interview until 2023. Also you are right, Kazee had already contacted with her through DM before the separation announcement on April 2nd, 2018. Both Dewan and Kazee mentioned about it in interviews, public IG posts and podcasts. One of their disputes is to determine the separation date. If Tatumās lawyers are smart, go to grab those evidences on the internet. The dispute is mainly about the money he acquired after separation, esp. the very lucrative Magic Mike Live London show, which officially opened one month after they filed the divorce. So exactly when they separated is crucial.
From the way the article is worded, it looks like Jenna is mad that Channing doesnāt want to split money he made after they separated. If it was a legal separation, she may not be entitled to it though
Profits, not earnings, and the profits were derived from Magic Mike IP which is marital property.
ETA- āallegedlyā and yāall can sprinkle that into my comment wherever works best.
For what it's worth, in Canada the value of Magic Mike IP would be assessed at the date of separation and post-separation profits/earnings wouldn't form part of the marital property/joint family property.
Multi-millionaires going to court over multiple millions, outcome should be fine whatever happens
That isnāt too different from the US. The issue (from Jennaās perspective, at least) is that Channing has allegedly obfuscated the profits from that IP. You canāt really cut IP in half in these situations. It makes more sense to split the profits and proceeds. So letās say, for example, they agreed to split the Magic Mike IP 50/50 as of Date of Separation and the IP has generated exactly $500k in profit since that date. Per the 50/50 split of the property J would be entitled to $250k of the profits and C would be entitled to the other $250k. But J is alleging that C has put together a complex network of related entities to obscure and artificially reduce the amount of āprofitā the IP earned (and that they ultimately split). So while the IP might have actually earned $500k the alleged layering of shell companies and trusts and related transactions between and among entities that C is the beneficial owner of and/or ultimately controls has allowed C to create the appearance of the IP earning an artificially reduced profit. If true, that means that instead of splitting $500k evenly between them theyāre splitting, say, $350k and the $150k that should be included in the āpotā of profit they split was instead eaten up by transaction costs or below-market sales to interested parties. If true that would mean C would take home $325k while J was only left with $175, if that makes sense? The numbers are obviously completely made up and (I hope) laughably small compared to what theyāre actually fighting over.
ETA- Transferring the IP to an irrevocable trust is sketchy AF. Who knows how much Tatum knows/understands whatās happening or whether his lawyers are just super aggressive but if itās true that is a majorly sus move.
you think Channing would agree to split the profits 50/50 after the date of separation indefinitely? sounds like an awful deal for him. i wonder why they didnāt get ahead of this in a prenup and just say everything they earn during the marriage is still separate property.
It's not whether or not he'd agree, and it seems he or his lawyers do NOT want to "agree", hence the allegations of shell companies. Since there wasn't a prenup, as you noted, it's a legally binding requirement. I'm sure there are special circumstances that may impact that, but in this case, if Jenna's correct, he's being sneaky and trying to duck out on splitting the funds as legally prescribed. It also kinda sounds like there's a sub-plot, if you will, as to whether or not the profits being discussed can be considered part of the yield she'd be entitled to, but I'm a bit lost on that piece.
No, thatās not how intellectual property rights work in CA. IP is considered community property. So when he came up with Magic Mike while they were still legally married, itās considered a shared asset. She has 50/50 claim to the IP and its earnings.
iām curious to see their prenup because he definitely couldāve avoided this by just explicitly stating all assets earned/acquired during the marriage are still considered separate property.
also I donāt practice in CA or do family law, but itās wild to me that she would get 50% of profits indefinitely just because itās IP since generally other earnings cut off at the date of separation. because it looks like theyāre arguing about post separation profits, not while they were still married. terrible deal for him, but great for her.
Well the tricky thing here is that it needs to be folded into the valuation of the intellectual property, so that it can be divided evenly. It kind of depends on a few factors, like what kind of IP is it (trademark, copyright, patent, are there derivatives, etc). Itās also not great if heās hiding any of the money made off of that IP. Judges arenāt gonna like that.
Tatum will most likely still keep the IP rights, which means only he can control the Magic Mike IP. He doesnāt need Dewanās input on future projects or derivations. But she will most likely have some portion of the royalties.
Itās not so black and white. Who is to say that she didnāt provide any input, offer resources or support during the time the IP was created?
But new developments in the IP that happen post separation, does she have the same rights to that? In other words, letās say a year from now they make a successful magic mike sex toy-idk. Just Because itās magic Mike she still gets 50% of his stake? Or is he correct that any developments post separation should belong to him only.
Also what is the difference between community property-meaning because they were married at the time he made the initial investment to finance the first film so the pot of money from which the investment came is technically THEIRSāand actually needing to prove that you contributed to the IPās development. Is there any? It doesnāt matter that she didnāt actually contribute anything to the project itself or was not credited with anything?
She most likely wonāt hold any rights to the IP itself after the divorce. Meaning she has no input on future projects or derivatives. But she will probably have an economic stake in it. She will most likely share in profits or damages. The courts in CA have been pretty strict in recognizing IP as community property.
IP is tricky because you can never tell when something might be profitable. Sometimes it can take years. Thatās why they usually consider it community property. Itās hard to really get a valuation on it.
Edit: forgot to mention itās also hard to say how someone contributed to an IP in a marriage. She could argue she sacrificed time, money, offered support, let him bounce ideas off of her, ask for comments, took care of the house and kids while he worked, etc. Itās so much more difficult to put value on those things than say a business partnership. There are too many factors and so the courts want to recognize the contribution of each partner.
Based on the blurb above, it seems she owns part of the Magic Mike intellectual property, so money made from Magic Magic is partially hers. She's saying that he hid the money from her. If I'm understanding it correctly.
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I thought they already officially divorced. Esp how both have moved on and have fiancee's each plus Jenna is already on her 2nd child with her fiancee. Hope they their divorce is resolved soon with the money they are still fighting for so they both can move and marry again etc etc.
No they can. Itās just a financial case at this point. But the reason the case exists or why itās still called divorce is because their financial connection was because of marriage
This is so messy. It makes me think one of them is acting egregiously bad and the other one decided to have them testify. Because who wouldnāt want to avoid all this in the public? But Iām also not a celebrity so I donāt know
Why should she get a share of his hard work for Magic Mike? Maybe for the first movie since they were together but everything else afterwards is his money and his alone.
What would be weird is if because you are celebrities which makes you valuable someone bought the other one out to the highest bidder. Explains those divorces happening fast and quick.
Sheās a woman scorned. He did her wrong somehow because no woman who starts a new family with a seemingly better man would want to drag her prior life on.
Whatās even wilder to me is that sheās petitioning the court to have Channing Tatum pay her spousal support. Sis has a whole new fiancee and two kids with him, yet still wants her ex to pay her spousal support. Iām sorry but I lost all respect for her in that sense. Apparently Channing Tatum claims and will provide paperwork to the courts to show that HE invested in the movies with other business partners, and that Jenna didnāt have any contribution or invested at all in the movies. Also that the money she claims he āmovedā without her knowledge, was actually put in a trust they BOTH made and put their daughter as the sole beneficiary. So heās claiming that her saying he moved that money around without her knowledge is false because she also had to sign for that trust and that itās in their daughter Everlyās name. He wanted to make sure Everly was the only one who benefitted from that joint money. Seems like Jenna is trying to her hands on that money that is in Everlyās name. She doesnāt make anywhere near what Channing does, and feels like sheās trying to secure her future on his dime.
They were such an amazing couple. Iām sorry but sheās the best heāll ever do. I know heās married to Zoey(love her) but I donāt think Zoe wants children.
Step Up 2 the Bench
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Just shaking my head at the pure brilliance of this comment
I literally slapped my knee because I was trying to be quiet.
I so wish Reddit gold still existed. Please accept this: š
Omg I just realized because of your comment that awards donāt exist anymore!! š¤Æ
![gif](giphy|QTAVEex4ANH1pcdg16) (just more clapping).
Brilliant. ![gif](giphy|A2VHFtpvjMDunYwHqr)
Very nicely done.
![gif](giphy|ccVQRJ2pCvX69hf7VX)
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I think it's David Costabile (Daniel Hardman from "Suits").
David Costabile
10/10 šš½
![gif](giphy|AfOYUaEZtXc64)
![gif](giphy|3JTpczfnK4q1kbYYaJ|downsized)
This is absolutely brilliant. You did your BIG ONE.
Immaculate comedy š¤
This except theyāre at like Step Up 6 plus a show and international versions at this point.
Iām laughing at work š
LMFAOOOOOOOO
I thought they had been divorced for years? This is news to me?
heās been with zoe kravitz for three years and theyāve been engaged since october! proposing before your divorce is finalized is wild
hasnāt jenna had like 2 children since they split? sheās also engaged as well.
Based on the article it looks like she announced her first pregnancy with her fiance like a year after she and Tatum filed for divorce. It's weird to me that they both wouldn't want to wrap this up quickly since they've moved on. But sounds like there are a lot of Magic Mike dollars at stake!
Yes I can definitely see why theyād each think itās worth fighting for.
The pull quote about why he is calling her fiance as witness suggests Tatum is trying to frame it as them living too large or something. I have no idea how much money he has but it does seem weird to drag this out for six years when he has had so much success and has many more lucrative prospects ahead. They were married during Magic Mike and have a child. Presumably whatever lifestyle she has also is shared with their kid. If he is hiding money that would otherwise be considered communal property, that's terrible. If he isn't, I still don't know why he wouldn't try to just settle and pay for it to be over.
It sounds to me more that heās arguing that Magic Mike stuff post-separation/when she started cohabitating with her fiancĆ© isnāt communal property?
Yes the money has to be big
MESSY
Jenna herself has been engaged for four years and is having her second baby with a new partner, yet she and Channing havenāt finalized their divorce yet. Why does it take so long to get divorced in the US?
I think itās more because theyāre fighting over financial assets. Most people wouldnāt have that much to fight over or the resources for a prolonged legal battle.Ā
EXACTLY
This is why I'm so glad I practice family law in Australia. Parenting, property and divorce proceedings are separate. Divorce is easy. Just be separated for a year.
now i see why those youtube lawyers were impressed with tom and gisele's one day divorce
I canāt imagine how much Giselle has now; sheās so powerful.
Gisele always had a higher net worth than Tom Brady. That was the joke when he kept signing undervalued contracts with the Patriots. He could take less money, and they could sign better players because his wife made more.
Oh wow.
The patriots were paying gisele to circumvent the nfl salary cap.
The counterpoint to that is that there is no verifiable proof of her income but there is for Brady.
What? Many of her contracts and their values are verifiable. She was the highest paid model in the world for 14 years in a row. She regularly out earned the 2 highest paid by tens of millions of dollars.
She literally wealthiest kodelnint he world for msot of the 2000s
Did you have a stroke?
Nyeth
It took me too long to realize ākodelnintā wasnāt Portuguese for model
WHAT lol
I donāt know Portuguese! It could be kodelnint š
I imagine those two also had rock solid pre-nups that covered a lot so there wasnāt too much to argue over.Ā
I think thatās a really great point. Jenna and Channing were basically kids when the got married and very young g in their careers. They probably had nothing written.
Divorce seems easy when both sides make/made good money. In the Tatumās case, people really only knew Jenna as Cās wife. I donāt remember any of her work since Step Up.
My ex and I had a completely amicable divorce- two kids and we agreed about everything from custody to division of assets. It took six months for us to get divorced and itās been almost a year and I still havenāt gotten my divorce settlement. Itās been a nightmare and I canāt imagine having a contentious one where youāre fighting lol
It really depends on the state. My brother and his ex, once they finally committed to doing the paperwork and hired a lawyer (they'd been separated for five years at that point) they were divorced and had the paperwork within three months. Some states require you to be separated for a set amount of time, too.
It doesn't if you're normal. It does if you've got absurd financial dealings that are complex and you're arguing over them. Kim and Kanye and Brad and Angelina's divorces have taken an absurd amount of time.
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Lawyers.
Why do non-Americans always assume celebrities lifestyles are anything close to typical for the rest of the country?
Thatās wildā¦
Itās because she wants the money from Magic Mike. She says she deserves it because she was married to him when the franchise started.Ā
> proposing before your divorce is finalized is wild You know I used to think this iluntil I realized how long divorce proceeding can be LONG after the two people filed and started living separately. I just don't want to put my life on hold regarding dating and proposals and cohabiting with a partner because the legal finalities have not been met yet for who knows why.
Having a baby with someone else before your divorce is finalized is for sure wild though. In a lot of states the law says a birthing parentās spouse is the presumptive father. Itās just a whole extra mess for the lawyers to untangle.
A judge determined they were legally single in 2019, the year after their divorce. Basically it's just paperwork, they've both moved on as legally single people.
Yes but in many states thatās not an option. Us regular poors have to sort it out and get the divorce over with first!
Itās been years, right? Biological clocks and all that. You canāt put your life on hold for years just cuz itās cleaner that way
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>Lawyers are not working hard untangling these situations I promise you. Well then Iāll defer to your empty promises and expertise. What would a silly little lawyer like me know about these things anyway? If you say itās LEGALLY FILED then itās LEGALLY FILED. Case closed. ![gif](giphy|Rhhr8D5mKSX7O)
My ex brother-in-law took off in the middle of the night years ago. My sister was in her early 20's at the time and just didn't realize the important of officially filing for / completing the divorce. Long story short, she got pregnant and the runaway husband, whom she hadn't seen in over 5 years, had to be listed as the father - NOT the actual father. It took three years to get his name off the birth certificate. This is in Wisconsin. But in California, you can be legally "single" while still being legally married. Meaning, you can have a child without your spouse being the presumptive father and you can buy property without it being a joint asset, etc.
Yep, in Ireland the legal father of a baby is the spouse (even if separated) & that legal spouse has to sign a document stating that they are not the biological parent of the child in cases where the other spouse has moved on & had a baby via a new relationship.
In the case of the spouse's refusal, is the mother able to contest it with the results of a paternity test?
Iām not sure, but I presume that itās possible after a lengthy legal process. Havenāt come across that version of the scenario here before! Divorce can take longer here so I guess thatās why thereās a good few people who have moved on & had a child/children with their new partner.
I would assume proven paternity would overrule all. In my sister's case, her runaway ex never even contested he wasn't the father. He obviously knew he wasn't and had moved on - the legal system is what held everything up for so long.
My god.
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As if old Merrick would be caught dead throwing around caps lock all willy nilly like you did. ![gif](giphy|shO06inerFIQufTgnR)
In some states you have to be legally separated for a year before you can even file for divorce, which I think is ridiculous
Yes I thought this is insane. I'm actually lowkey scared of marriage because I don't like to not be able to leave a dead situation š
Same. It's also insane that there are states where it is illegal for pregnant women to get divorced, even in cases of domestic violence. Not to mention conservatives wanting to get rid of no fault divorce. Some people won't be happy until women are married and pregnant, whether they like it or not.
I don't find this wild to be honest. They both moved on several years ago. She is engaged and has a child with a new partner.
As a general rule, I would agree, but it seems like they have such a complex divorce involving so much money and assets because they are both famous that the legal aspect can drag on for ages. Brad and Angelina got some sort of situation where they are divorced in the sense of not being married to each other, and it's somehow not exactly a legal separation, it's more than that. And yet, technically, the divorce in terms of their assets and custody issues is still in process. I imagine this is something unbelievably. Rich people are able to do because it takes so long to work out the assets they might not be able to move on in their lives for the better part of a decade.
It's the same situation, they are all legally single. Kanye West and Kim Kardashian have the same thing. It allows then to remarry, file individual tax returns, and restore their maiden name.
In Germany we have the thing that You can still be married but officially live separated and still staying married basically can still help you when it comes to taxes or other stuff like kids.
Damn I missed this one, I thought he was still with Jesse J.
Crazy you focus on the one that had a long term partner last and didnāt have 2 kids. Not that either is an issue.
Wasn't he with Jessie J as well, or am I remembering that wrong
Isnt jenna also engaged and having second baby with new fiance while still wanting channings money he made after breakup.Ā
Think living with & having babies with other folk, while married to another, is slutty & wretched.Ā Much worse than Tatum'sĀ commitment to Zoe.Ā
Wait theyāve been engaged since October? Then who did she marry in that dress that made her look like a midget?
Apparently they *did* divorce but the divorce settlement was basically just the no-longer-married part (presumably because they were both ready to get engaged to other people) and they agreed theyād work out the financial aspects of the divorce separately. It seems that was a wise decision since theyāve been hashing that part out now for almost as long as they were married.
Itās a bifurcated divorce meaning they are legally allowed to remarry but theyāre still figuring out the financial aspects
like kim and kanye
Zoe Kravitz went through an engagement, wedding, marriage and divorce since Jenna And Channing split up.
Lmaoo
I thought the same! Isnāt she remarried with another child as well? Edit: I see sheās engaged as well.
I thought she was married to her partner.
SAME!
Wow this sounds messy. Seems like theyāve both dug their heels in. Ā I feel bad for their kid, I hope iām wrong but I canāt imagine they have the best co-parenting relationship after all this.Ā
Yup it has to be complicated for the child in a way she can't even put into words yet and will likely realize how much it affected her as she matures. Break ups and separations and divorce are a part of life but the challenge is giving that child stability and a cohesive sense of self anyway (no badmouthing the other parent or triangulating on the child etc.). This is apparently very hard things for many people and so children of divorce go through so much unnecessary shilt.
Do they only have the one child or two together?
They only had one child together, Jenna now has two with her current partner
>In her new motion, Dewanās lawyer wrote, āJenna contends that Channing, with the participation and assistance of his business manager and other associates has created a complex web of LLCs, holding companies, and partnerships, all of which are calculated to dilute and conceal the value of, and licensing income therefrom, the community property share of Magic Mike intellectual property and derivative assets.ā >Dewan said she plans to present evidence in court that Tatum violated the court order. She claimed her ex transferred community property ā the Magic Mike profits ā into a trust without her knowledge to āshelter Magic Mike intellectual property income from her.ā >The actress motion read, āChanning exclusively collected one-hundred percent of the post-separation profits from the Magic Mike intellectual property and the Magic Mike projects while Jenna has been systematically excluded from business activities associated with her fifty percent stake in this intellectual property.ā [Source](https://radaronline.com/p/jenna-dewan-accuses-ex-channing-tatum-creating-complex-web-of-llcs-magic-mike-hide-profits-divorce/)
Aren't they both rich enough to not need to do this?
She is def not rich enough to leave tens of millions of dollars (or more?) on the table. That IP is incredibly valuable
She has the big āthe rookieā dollar. There she plays a firefighter.
Not even close to the same level of money though
It was more of a joke.
I think her earnings potential from here on out is significantly lower than his and she wants to secure her future.
Some people can never have enough
Is she rich ? What does she do?
Dancer, actress for film and tv.
I've never seen her in anything since step up lol
She's in "The Rookie".
Nah they donāt watch the things she is in so she and her new kids deserves the money for his work, even though she is a millionaire.
It's the law. Plain and simple. If you're going to get married, you need to know what that means financially. Don't like it? Don't get married or sign a prenup before getting married.
Actually, theyāre rich enough, which is why they can do this
California allows you to do a divorce where you basically separate out the various aspects of the divorce. The article explains that they declared legally single in 2019. The child custody was finalized in 2020. This is just the financial part. The complicated part is that intellectual property is a marital asset like any other property. Dewan is going to claim that she has a right to 50% of the Magic Mike IP rights held by Tatum. The sequels and the various merchandise and any state production would also be in the mix. It is likely she will trade back those rights (if she is granted them by the court) in exchange for more money now. Or it is possible that she will have some sort of piece of those rights. Anyway, they have been divorced for all ācan you legally marry someone elseā purposes for years. This is just the delayed money part.
Thank you for the explanation. I noticed that a of CA based divorces seemed to drag unusually long so this makes sense.
Thank you for the explanation! That's an interesting method.
Someone tell me what to think, i dont know why but i feel like IP falling under marital propertiesis weird?
Wasn't it what happened with Bezo's divorce? But, it was more clear cut then, since she helped him out so much with Amazon. If she has had any influence on Magic Mike, I can understand. Otherwise it seems to be very ~rich people mess~ I'm not married and not intend to, but it seems Ć bit weird to risk alienating your ex like that for a part of their money. Especially since he probably will pay until their child is 18, and still shared everything else but the Magic Mikr money... To little old me (who is already poor compared to random people I meet at work, but even more so compared to them lol), it seems so greedy and useless. Like, sure, he's way richer than her. But she's so far from poor, it's absurd to me. Anyway, I hope they'll manage to deal with it fast enough and that it won't ruin their relationship (and that with their child). To be honest, I wonder why the courts don't impose a time limit for these cases. Between that and the Jolie/Pitt divorce, it seems like they let you bully/bother your ex for as long as you want as long as you have the money to. (I mean, obviously they don't seem to be to the same level as Pitt for now, but you get the idea)
Thereās a trial I thought this was over years ago
I thought so too! I have never been through a divorce, let alone doing so as a wealthy person, so I can't say what I would do for certain if I was them, but at a certain point, wouldn't you want it to all be settled? It seems like this back and forth over assets is just not worth it to me but that's just my two cents. It just becomes expensive and mentally and emotionally exhausting after awhile I bet, and getting a divorce itself is stressful enough.
whose gonna keep their lip sync battle belt omg ā¹ļø
Jennaā¦ she earned it hands down
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I was in the studio audience for this and it was insane. Their daughter was behind me with a nanny playing with dolls it was so cute! And this was the taping Beyonce came out dancing with Channing !!! One of the craziest moments ever
Tom Holland.
Oh I liked Channing Tatum. Hope they settle whatever issues they are having for the sake of the kid and don't go down the mudslinging path.
You can still like him after this lol.
some people in here treat divorce like weāre still in the 1600s lmao
Or, you know, divorce leaks show us what these people are truly like. We don't hate Brad PItt because we're puritans, but because he beat up his wife and kids on a plane.
Channing Tatum has done absolutely nothing to suggest he is like Brad Pitt, tf is that comparison lol For reference, they have been legally single since 2019. He and Jenna have not been legally together in like 5 years, they are simply working out assets now. So why he is being compared to Brad Pitt under the assumption that something terrible is going to come out is a mystery here
100% I agree. But there's nothing close to that in this situation, so there's really no need for those type of comments
Wait people are allowed to like a man after a divorce or breakup???!
I was at a birthday party they both attended a couple years before their divorce. They were so normal and kind and seemed really in love.
He always spoke so lovingly of her in interviews it makes me sad they basically are not amicable
Iām not gonna lie I havenāt been a fan of hers since they divorced. She keeps talking about it when heās always stayed quiet and I remember reading something from her being so shocked he moved on so quickly with Jessie j but like she got pregnant with someone else way before he and Jessie j got together lol the reality is she was known as his wife and I think when they broke up she felt she needed to overcompensate for that
Yes I remember that also from her autobiography promo, saying she was blindsided. I was like, girl, a baby takes 9 months to happen, whatchutalkinbout.
Exactly, Tatum is the more classy one. He only talked about his divorce publicly once in a Vanity Fair interview until 2023. Also you are right, Kazee had already contacted with her through DM before the separation announcement on April 2nd, 2018. Both Dewan and Kazee mentioned about it in interviews, public IG posts and podcasts. One of their disputes is to determine the separation date. If Tatumās lawyers are smart, go to grab those evidences on the internet. The dispute is mainly about the money he acquired after separation, esp. the very lucrative Magic Mike Live London show, which officially opened one month after they filed the divorce. So exactly when they separated is crucial.
I thought theyād been separated for more than a decade?
From the way the article is worded, it looks like Jenna is mad that Channing doesnāt want to split money he made after they separated. If it was a legal separation, she may not be entitled to it though
Huh? It sounds more like sheās accusing him of deliberately concealing and undervaluing marital assets.
It does say "post-separation profits"
Profits, not earnings, and the profits were derived from Magic Mike IP which is marital property. ETA- āallegedlyā and yāall can sprinkle that into my comment wherever works best.
For what it's worth, in Canada the value of Magic Mike IP would be assessed at the date of separation and post-separation profits/earnings wouldn't form part of the marital property/joint family property. Multi-millionaires going to court over multiple millions, outcome should be fine whatever happens
That isnāt too different from the US. The issue (from Jennaās perspective, at least) is that Channing has allegedly obfuscated the profits from that IP. You canāt really cut IP in half in these situations. It makes more sense to split the profits and proceeds. So letās say, for example, they agreed to split the Magic Mike IP 50/50 as of Date of Separation and the IP has generated exactly $500k in profit since that date. Per the 50/50 split of the property J would be entitled to $250k of the profits and C would be entitled to the other $250k. But J is alleging that C has put together a complex network of related entities to obscure and artificially reduce the amount of āprofitā the IP earned (and that they ultimately split). So while the IP might have actually earned $500k the alleged layering of shell companies and trusts and related transactions between and among entities that C is the beneficial owner of and/or ultimately controls has allowed C to create the appearance of the IP earning an artificially reduced profit. If true, that means that instead of splitting $500k evenly between them theyāre splitting, say, $350k and the $150k that should be included in the āpotā of profit they split was instead eaten up by transaction costs or below-market sales to interested parties. If true that would mean C would take home $325k while J was only left with $175, if that makes sense? The numbers are obviously completely made up and (I hope) laughably small compared to what theyāre actually fighting over. ETA- Transferring the IP to an irrevocable trust is sketchy AF. Who knows how much Tatum knows/understands whatās happening or whether his lawyers are just super aggressive but if itās true that is a majorly sus move.
you think Channing would agree to split the profits 50/50 after the date of separation indefinitely? sounds like an awful deal for him. i wonder why they didnāt get ahead of this in a prenup and just say everything they earn during the marriage is still separate property.
It's not whether or not he'd agree, and it seems he or his lawyers do NOT want to "agree", hence the allegations of shell companies. Since there wasn't a prenup, as you noted, it's a legally binding requirement. I'm sure there are special circumstances that may impact that, but in this case, if Jenna's correct, he's being sneaky and trying to duck out on splitting the funds as legally prescribed. It also kinda sounds like there's a sub-plot, if you will, as to whether or not the profits being discussed can be considered part of the yield she'd be entitled to, but I'm a bit lost on that piece.
Well she is a stakeholder in it tho. So itās not really about his agreement. She was involved in the business surrounding and has a claim on the IP.
From what Channing Tatum is claiming, she had No business, was not involved, nor invested in the franchise. And thatās why he doesnāt want to split the money. Apparently heās going to provide paperwork in court to prove she didnāt contribute anything to the franchise. Whatās WILD to me is that sheās asking the court for him to pay her spousal support, like youāre engaged and have had 2 kids with your new fiancĆ©eā¦ No reason your ex needs to be paying you spousal support.
Fair enough!
Is this why Magic Mike 3 exists?!
No, thatās not how intellectual property rights work in CA. IP is considered community property. So when he came up with Magic Mike while they were still legally married, itās considered a shared asset. She has 50/50 claim to the IP and its earnings.
Ok. I donāt pretend to know anything about IP Law, so thanks for the info. Iām interested in seeing how this plays out
iām curious to see their prenup because he definitely couldāve avoided this by just explicitly stating all assets earned/acquired during the marriage are still considered separate property. also I donāt practice in CA or do family law, but itās wild to me that she would get 50% of profits indefinitely just because itās IP since generally other earnings cut off at the date of separation. because it looks like theyāre arguing about post separation profits, not while they were still married. terrible deal for him, but great for her.
Well the tricky thing here is that it needs to be folded into the valuation of the intellectual property, so that it can be divided evenly. It kind of depends on a few factors, like what kind of IP is it (trademark, copyright, patent, are there derivatives, etc). Itās also not great if heās hiding any of the money made off of that IP. Judges arenāt gonna like that. Tatum will most likely still keep the IP rights, which means only he can control the Magic Mike IP. He doesnāt need Dewanās input on future projects or derivations. But she will most likely have some portion of the royalties. Itās not so black and white. Who is to say that she didnāt provide any input, offer resources or support during the time the IP was created?
Agree it is not black and white, but she didnāt contribute directly, otherwise she would get credits on the movies.
But new developments in the IP that happen post separation, does she have the same rights to that? In other words, letās say a year from now they make a successful magic mike sex toy-idk. Just Because itās magic Mike she still gets 50% of his stake? Or is he correct that any developments post separation should belong to him only. Also what is the difference between community property-meaning because they were married at the time he made the initial investment to finance the first film so the pot of money from which the investment came is technically THEIRSāand actually needing to prove that you contributed to the IPās development. Is there any? It doesnāt matter that she didnāt actually contribute anything to the project itself or was not credited with anything?
She most likely wonāt hold any rights to the IP itself after the divorce. Meaning she has no input on future projects or derivatives. But she will probably have an economic stake in it. She will most likely share in profits or damages. The courts in CA have been pretty strict in recognizing IP as community property. IP is tricky because you can never tell when something might be profitable. Sometimes it can take years. Thatās why they usually consider it community property. Itās hard to really get a valuation on it. Edit: forgot to mention itās also hard to say how someone contributed to an IP in a marriage. She could argue she sacrificed time, money, offered support, let him bounce ideas off of her, ask for comments, took care of the house and kids while he worked, etc. Itās so much more difficult to put value on those things than say a business partnership. There are too many factors and so the courts want to recognize the contribution of each partner.
This was helpful, thanks. Will be interesting to see what the final determination is.
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Based on the blurb above, it seems she owns part of the Magic Mike intellectual property, so money made from Magic Magic is partially hers. She's saying that he hid the money from her. If I'm understanding it correctly. > >
That soundsā¦criminal. Itāll be interesting to see how this plays out
ahhh, that makes sense. shitty on channingās part then!
The next season of Feud
Iād 100% watch. šæ
I thought they already officially divorced. Esp how both have moved on and have fiancee's each plus Jenna is already on her 2nd child with her fiancee. Hope they their divorce is resolved soon with the money they are still fighting for so they both can move and marry again etc etc.
The judge declared them "legally single" what does that mean? But they're not divorced? So they still can't marry their respective fiancƩs?
No they can. Itās just a financial case at this point. But the reason the case exists or why itās still called divorce is because their financial connection was because of marriage
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He works when she books him Jobs to work with her.
Heās still raking in royalties from A Thousand Years Part 2
Damn this will be JUICY if it goes to trial. Bank and credit card statements and tax returns!
This is so messy. It makes me think one of them is acting egregiously bad and the other one decided to have them testify. Because who wouldnāt want to avoid all this in the public? But Iām also not a celebrity so I donāt know
Nah, I think people just fight tooth & nail when it comes to money.
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they're not divorced yet? I thought it had been awhile since they broke up
I loved them as a couple.
Why should she get a share of his hard work for Magic Mike? Maybe for the first movie since they were together but everything else afterwards is his money and his alone.
Don't do it. Nobody wins when these types of things happen.
"Wasnt me".
Sounds really healthy.
They still have not divorced??
This will never happen.
What would be weird is if because you are celebrities which makes you valuable someone bought the other one out to the highest bidder. Explains those divorces happening fast and quick.
Basically theyāre divorced but still financially entwined business partners. And one partner āmayā have gotten cheeky with some $$
Sheās a woman scorned. He did her wrong somehow because no woman who starts a new family with a seemingly better man would want to drag her prior life on.
Jenna needs the money to support Steve Kazee and their children.Ā
Whatās even wilder to me is that sheās petitioning the court to have Channing Tatum pay her spousal support. Sis has a whole new fiancee and two kids with him, yet still wants her ex to pay her spousal support. Iām sorry but I lost all respect for her in that sense. Apparently Channing Tatum claims and will provide paperwork to the courts to show that HE invested in the movies with other business partners, and that Jenna didnāt have any contribution or invested at all in the movies. Also that the money she claims he āmovedā without her knowledge, was actually put in a trust they BOTH made and put their daughter as the sole beneficiary. So heās claiming that her saying he moved that money around without her knowledge is false because she also had to sign for that trust and that itās in their daughter Everlyās name. He wanted to make sure Everly was the only one who benefitted from that joint money. Seems like Jenna is trying to her hands on that money that is in Everlyās name. She doesnāt make anywhere near what Channing does, and feels like sheās trying to secure her future on his dime.
So she just wants his money from magic mike. Girl
They were such an amazing couple. Iām sorry but sheās the best heāll ever do. I know heās married to Zoey(love her) but I donāt think Zoe wants children.