J. Lo and Marc Anthony Split

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New York, NY (CBS/AP) - Jennifer Lopez and Marc Anthony are calling it quits after seven years of marriage. The superstar couple announced on Friday they are breaking up.

"We have decided to end our marriage," the pair said in a statement. "This was a very difficult decision. We have come to an amicable conclusion on all matters."

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

Lopez, 41, and Anthony, 42, married in 2004 and have 3-year-old twins, Max and Emme.

It's Lopez's third marriage, and Anthony's second.