Beyonce's music manager and father, Matthew Knowles, announced today that he will no longer represent his daughter.
In a message to the public, Knowles said he will be focusing on gospel and inspirational music instead.
"Currently, I am very focused on the tremendous investment that our record label has made in the gospel/inspirational genre of music and on our supremely talented roster of artists," he said.
This is the first time they parted since Beyonce's music career started in the early nineties with the R&B girl group, Destiny's Child.
According to Knowles, "the decision for Beyoncé and Music World Entertainment to part was mutual."
He added that he looks forward to his daughter's future projects and that he is very proud of what she has achieved.
"Business is business and family is family. I love my daughter and am very proud of who she is and all that she has achieved. I look forward to her continued great success."
Beyonce commented about the split to US Magazine, stating, "I've only parted ways with my father on a business level. He is my father for life and I love my dad dearly. I am grateful for everything he has taught me. I grew up watching both he and my mother (Tina Knowles) manage and own their own businesses. They were hard-working entrepreneurs and I will continue to follow in their footsteps."
The singer's father will now focus on his partnership with Sony as well as develop family labels for Music World.
He is set to work with some talented Christian artists such as Trin-i-tee 5:7, Brian Courtney Wilson, Juanita Bynum, Micah Stampley, Vanessa Bell Armstrong, Pastor Rudy and others.
There is no word as to who will be Beyonce's new management.