Even though Michael Douglas' divorce was finalized over ten years ago, divorce is never really "final". Michael's ex-wife, Diandra Douglas filed papers this month demanding her share of 'Wall Street 2: Money Never Sleeps'. According to the terms of their divorce, she gets half of his earnings from any "residuals, merchandising or spinoffs of movies made while they were together." But Michael is unwilling to pay, according a source:
"The divorce agreement says that Diandra and Michael are to split 50/50 anything related to the films he made during their 23-year marriage," a source told E! News. "She is seeking that money that she is owed. He unfortunately doesn't want to pay her it."
There is some "gray area" concerning the "category" the movie falls under. She claims it qualifies as a "spinoff" but Michael's attorneys disagree.
It's the same character, the same title, just years later," Diandra's lawyer Nancy Chemtob argued.
"They're not the same thing," Michael's attorney Marily Chinitz countered in court. "He doesn't want her to be an albatross around his neck forever."
Technically the movie sounds like a sequel and not a "spin-off", but the judge will make the final decision soon. And also whether to proceed in NY court or back in California where they divorced. When the couple split, Diandra landed a $45 million dollar divorce settlement back in 2000.
Photos by INF
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