MATHEW KNOWLES ON SPLIT FROM BEYONCE: Business Is Business & Family Is Family

Beyonce's father Mathew Knowles has spoken up about yesterday's announcement that he and Music World Entertainment have parted ways from Beyonce.

Mathew speaks on the "mutual" decision when you read on....

He's been her manager for almost two decades, but it looks like the Knowles camp is ready for a change up.  Yesterday's semi-shocking announcementcame from Beyonce and her publicist that the uber successful father-daughter duo will end their manager relationship.

Now Papa Knowles gives his side, saying business and family are separate.  And, while he will continue his projects with Destiny's Child and his gospel acts, he's proud of all the great things he and his daughter have accomplished.    His statement in full:

The decision for Beyoncé 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.

Music World will continue its partnership with Sony with Destiny's Child and UK female group From Above, as well as management. We will also continue to develop the Music World family of labels: Music World Country/Compadre, Music World Kids and Music World Music. In Music World's repositioning it will not continue its label/management role with Columbia/Sony artist Tiffany Evans.

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's upcoming album run will be an interesting one...
TTowonubi