Jennifer Lopez [1] and Marc Anthony [2] are splitting after seven years of marriage.

In a joint statement to People [3], the music stars announce, "We have decided to end our marriage. This was a very difficult decision. We have come to an amicable conclusion on all matters."

The statement continues, "It is a painful time for all involved, and we appreciate the respect of our privacy at this time."

J. Lo & Marc Anthony: The Way They Were [4]

Lopez and Anthony married in Beverly Hills in June 2004, and have two children together, three-year-old twins Emme and Max. Lopez previously married Ojani Noa in 1997 and Cris Judd in 2001.

Lopez released "Love?", her first full-length album in three years, last May, and is currently in talks to return to "American Idol" after serving as a judge for the show's 10th season. Anthony, who released "Iconos" in 2010, performed "Aguanile" on the "Idol" finale alongside Lopez last May; watch the video below.

It remains unknown whether or not Lopez and Anthony will move forward with "Q'Viva! The Chosen," a Latin music reality show the couple was developing with "Idol" executive producer Simon Fuller.

Jennifer Lopez Talks iHeartRadio Festival, Teases 'Idol' Return on 'Today Show' [5]