AceShowbiz - After years of legal wrangling, Channing Tatum and Jenna Dewan have reached a resolution in their divorce, avoiding a trial and settling an ongoing dispute over his "Magic Mike" earnings.

Six years after their separation, the former couple has finalized their divorce, resolving a key issue that had stalled the proceedings. Dewan's legal team had maintained that the "Magic Mike" franchise, which Tatum starred in and co-produced, was developed during their marriage and funded with marital funds. This dispute has been settled with a binding judgment, preventing a trial that was scheduled for December.

Tatum and Dewan met in 2006 and married in 2009. They share an 11-year-old daughter, Everly. Their separation in 2018 led to an acrimonious divorce process, with Dewan accusing Tatum of hiding assets. Tatum denied these allegations, and both parties sought testimony from each other in court.

During their marriage, Dewan had equal access to their financial records, according to Tatum's May 2024 filing. He claimed that Dewan's accusations were intended to delay the divorce and increase litigation expenses. In response, Dewan alleged that Tatum had acquired "Magic Mike" intellectual property jointly and then put its earnings into an irrevocable trust without her knowledge.

Full details of the divorce settlement remain confidential. However, both parties have waived spousal support and agreed to handle any future custody disputes privately with a judge. Dewan is engaged to Steve Kazee with whom she shares two children, while Tatum is engaged to Zoe Kravitz.

The settlement brings an end to a protracted legal battle that had caused tension and uncertainty for both parties.