Jennifer Lopez and Marc Anthony Divorcing!

By: Mike Hess / July 15, 2011

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Married life is over for Jennifer Lopez and Marc Anthony.

The Latino power couple, who tied the knot seven years ago and have two children together, announced on Friday afternoon that they plan on divorcing. The couple told People exclusively:

“We have decided to end our marriage … This was a very difficult decision. We have come to amicable conclusions on all matters … It is a painful time for all involved and we appreciate the respect of our privacy at this time.”

The split comes as a surprise to many, especially as they two had several joint projects in the works. In fact, Latino magazine conducted an interview just a few weeks ago in which J.Lo said they were “a good combination.” 

Lopez and Anthony are the parents of twins Max and Emme, who are 3 years old. They gave no indication of what their plans are for custody of the children.

After much speculation of a possible baby on board in 2008 — and after dodging several questions during interviews — Lopez confirmed that she was expecting during a concert in Miami.

Lopez has seen a career resurgence of late, having taken on the role of American Idol judge this past season, which in turn kick-started her music career back up. While there has been speculation as to whether she’ll return to Idol for another season, this news will likely play a major part in her decision. Still, there’s no doubting Lopez re-established herself as a major pop artist, thanks in part to smash hits like “On the Floor.”

As for Anthony, he has remained private through much of the couple’s marriage, continuing his wildly successful recording career as well.

Sadly, this also means that another Marc and J.Lo collaboration. Our friends at Idolator have complied their top five musical performances; we picked our fave, their “Por Arriesgarnos” duet, below. See the rest over at Idolator