2U David Guetta Feat. Justin Bieber
Beyonce has announced that her father will no longer be her manager.
The singer said the split from Matthew Knowles was 'amicable'.
'I've only parted ways with my father on a business level,' Beyonce said in a statement.
'He is my father for life and I love my dad dearly. I am grateful for everything he has taught me.'
Matthew Knowles has managed his daughter's career since she joined Destiny's Child, in the late 1990s through to her success as a solo artist, reports CNN.
'The decision for Beyonce and Music World Entertainment to part was mutual,' he added.
'We did great things together and I know that she will continue to conquer new territories in music and entertainment.'
No replacement for her father has yet been announced.