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Video: Douglas’ ex-wife sues for ‘Wall Street 2’ money

  1. Transcript of: Douglas’ ex-wife sues for ‘Wall Street 2’ money

    MATT LAUER, co-host: Here's a story that could get a lot of people talking. They may have been divorced a whole decade ago, but that's not stopping the ex-wife of Michael Douglas from suing him for half of his earnings from this fall's follow-up to the movie " Wall Street ." NBC 's Peter Alexander has the details on this. Peter , fill us in. Good morning.

    PETER ALEXANDER reporting: Matt , good morning to you. Sometimes a Hollywood divorce itself is as epic as a big screen blockbuster, and in this case Michael and Diandra Douglas ' bitter split became official in 2000 . She reportedly received about $45 million in that deal. But today, with her ex-husband's new movie due out in September, Diandra Douglas now claims she's owed more.

    ALEXANDER: It was that simple assessment in the 1987 film " Wall Street " that made money man Gordon Gekko unforgettable. But these days, the man who played him on the big screen , Michael Douglas , may beg to differ. The 63-year-old Oscar-winning actor is fighting to keep his ex-wife, Diandra Douglas , from

    getting the millions he stands to make from his upcoming film, "Wall Street: Money Never Sleeps," due out this September.

    ALEXANDER: Diandra Douglas filed suit this month, claiming as part of the couple's 2000 divorce deal she's entitled to half of any earnings related to the movies Michael Douglas made during their 23-year marriage, including spin-offs, And she argues that the new " Wall Street " movie, which also features Gordon Gekko , is just that.

    Mr. PAUL DEGARABEDIAN (Hollywood.com): Worldwide, we could be talking about hundreds of millions of dollars for the film and potentially tens of millions of dollars for Michael Douglas himself.

    ALEXANDER: But at least one celebrity divorce attorney says Douglas , who's now married to actress Catherine Zeta-Jones , shouldn't have to share a dime.

    Mr. RAOUL FELDER (Celebrity Divorce Attorney): Ms. Douglas has a case, but it's a case of sour grapes. It violates common sense, it violates the law and she's not going to count the money.

    ALEXANDER: The Douglas ' divorce was a nasty one with bitter claims back and forth, including allegations that Michael repeatedly cheated on his wife. The two were back in a Manhattan courtroom this spring supporting their 31-year-old son Cameron who was sentenced to five years in prison for selling drugs including crystal meth. And more bad blood developed between the two after Michael had few nice words to describe his ex-wife last month on TODAY.

    Mr. MICHAEL DOUGLAS: And as far as his mother was concerned, she was a very young mother when she had Cameron and her skills were limited to such an extent.

    ALEXANDER: For the Douglases it's a case of unfinished business where even decades later, Gordon Gekko 's words may ring true.

    ALEXANDER: Twenty-three years since that movie came out. Neither Michael nor Diandra Douglas would comment on this case specifically. Michael Douglas ' lawyer has said that the suit has no merit and should be dismissed, Matt , reportedly telling the judge that Douglas doesn't want his ex-wife to be an albatross around his neck forever.

    LAUER: Hm, all right. Peter Alexander . We have no idea what it says exactly in that comment.

    MEREDITH VIEIRA, co-host: No. All I know is it's a mess.

    LAUER: It just feels wrong. It doesn't feel right. But I would like half of everything you make after your leave the show, if that's possible.

Image: Michael Douglas
Robert Marquardt  /  Getty Images
Michael Douglas divorced ex-wife Diandra Douglas in 2000, but she wants some of the cash he's getting for the "Wall Street" sequel.
TODAY contributor
updated 7/1/2010 10:16:36 AM ET 2010-07-01T14:16:36

Ten years after parting ways, actor Michael Douglas and ex-wife Diandra Douglas are back in court to battle it out over his latest earnings.

The 65-year-old star was said to have paid his former spouse a hefty $45 million, per the terms of their 2000 settlement, but according to a report in the New York Post, his current good fortune could add even more money to the old divorce deal.

It all comes down to actor’s decision to bring Gordon “Greed is good” Gekko back to the big screen in the upcoming “Wall Street: Money Never Sleeps.” Diandra Douglas’ legal eagles claim the original settlement not only awarded their client a financial share from the films her ex-husband made while they were together, but also any future spin-offs.

Now the question is whether or not the new take on “Wall Street” really is a spin-off. It should come as no surprise to learn Michael Douglas doesn’t think so. Arguing before a judge last week, his attorney insisted the movie is sequel, not a spin-off.

"They're not the same thing," lawyer Marilyn Chinitz said in a quote published in the Post.

Gosselin’s kids think his huge tattoo is ‘cool’
A giant dragon now occupying roughly half of Jon Gosselin’s back is a hit with the kids, or so says the former reality-TV dad.

In an interview with Radar Online, the former Ed Hardy enthusiast revealed the meaning behind his new tattoo, as well as the “Plus 8’s” reaction.

“I have planned this tattoo for years now,” Gosselin explained. “I wanted something that resembled a rebirth or a change in me.”

Well, no one can deny the man has changed a lot over the years. At least the ink marks one change the kids enjoy.

“They love it and think it’s cool!” Gosselin boasted.

Jason Bateman denies getting booed
Despite reports that claimed Jason Bateman received a round of boos after being escorted to the front of an iPhone frenzy line last week, the “Couples Retreat” star has denied it.

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“There wasn't one boo,” Bateman announced to his Twitter followers. “Not one hiss. The Apple guy brought me in away from the paparazzi. Period. I was content in line. I wish I'd stayed.”

Maybe the actor just couldn’t hear the commotion coming from the end of the reported 2,000-person line.

After all, one source told Us Weekly, "Everyone literally started booing and hissing!"

Dish on the fly
If gay heartthrobs want to keep their teen-idol status, they should stay in the closet, according to comedian Joan Rivers. "It’s part of the game. If you're going to be a romantic idol and try to get every teenage girl to love you, then you'd be an a-- to come out and say you're gay," Rivers told The Advocate. “Ricky Martin was so smart. He did what he did, made his millions and then he said, ‘Guess what, everybody? I'm gay.’ ... It didn't matter anymore because he didn't have to bring in 16-year-old girls.” … Did Katy Perry and Russell Brand get married before their official big day? In separate slips, the pair hinted that they’re already man and wife. First Brand referred to Perry as his wife during an interview with OK! magazine, and then Perry followed it up with an even bigger flub. When asked about her future (or possibly current) hubby by U.K. talk show host Graham Norton, she replied, “Life's never dull with him — that's why I married him!” before catching herself.

Tabloid Tidbits is compiled by Ree Hines. Follow @ReeHines on Twitter to gab about the latest gossip.

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