Gwyneth Paltrow and Chris Martin: It's Over!

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Another Hollywood couple has bitten the dust.

Gwyneth Paltrow and Chris Martin announced this afternoon that they are separating after a decade of marriage.

"It is with hearts full of sadness that we have decided to separate," the stars announced on the GOOP website under the heading "Conscious Uncoupling."

Gwyneth, Chris

Paltrow and Martin are the parents of two children: Apple, 9, and Moses, 7.

The actress and the singer added that they have "working hard for well over a year” to make the relationship work. However…

"We have come to the conclusion that while we love each other very much we will remain separate," they wrote. "We are, however, and always will be a family, and in many ways we are closer than we have ever been." 

Emphasizing how they are “parents first and foremost,” the long-time couple made a plea for privacy and concluded:

"We have always conducted our relationship privately, and we hope that as we consciously uncouple and co-parent, we will be able to continue in the same manner."

The Oscar winner and the Coldplay frontman tied the knot in a secret ceremony in late 2003 and have faced breakup rumors for many years.

There's even been chatter that Paltrow cheated on Martin, but only in the world of supermarket tabloids.

We wish each side nothing but happiness and are confident Gwyneth will shrug off any critics that come down on her for this split.

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