Mathew Knowles has issued a statement regarding the departure of his daughter, Beyonce, from the family business, Music World Entertainment.  Knowles insists that the split was mutual.

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“Business is business and family is family,” Knowles said in the statement. “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.”

“The decision for Beyonce and Music World Entertainment to part was mutual. We did great things together, and I know that she will continue to conquer new territories in music and entertainment.”

“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, including Trin-i-tee 5:7, Brian Courtney Wilson, Juanita Bynum, Micah Stampley, Vanessa Bell Armstrong, Pastor Rudy and others.”

Source: PRNewswire

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