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If you didn’t know that Beyonce has left her father Mathew Knowles’ Music World Entertainment label, now you know. While speculations about what caused the departure have been flying, Mathew Knowles released a statement saying, “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,” Knowles’ statement reads.

The superstar father and label exec says he’s changing his focus to gospel and inspirational music. Music World’s roster currently includes gospel powerhouses Juanita Bynum, Trin-i-tee 5:7, Micah Stampley and more.

“Business is business and family is family,” Knowles explained. “I love my daughter am very proud of who she is and all that she has achieved. I look forward to her continued great success.”

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