It has offices located in New York City and Los Angeles, complete with recording studios, film editing suites, and a vault/archive.

During a private screening held at New York's School of Visual Arts Theatre following the release of her self-titled fifth studio album, Beyoncé briefly discussed her decision to found Parkwood Entertainment in front of her fans and the press, saying: "I started my own company when I decided to manage myself.

[6] Peter Robinson of The Guardian hailed the shock release as "Beyoncégeddon", describing it as a "major triumph ... a masterclass in both exerting and relinquishing control.

As of November 2016, Beyoncé has sold 8 million copies worldwide and has spawned the singles "XO", "Drunk in Love", "Partition" and "Pretty Hurts.

[10] In November 2018, Parkwood Entertainment confirmed that the company had acquired total ownership of the Ivy Park brand from co-founder Sir Philip Green following allegations of sexual harassment and racial abuse.

[11] In 2015, Parkwood expanded into managing the careers of upcoming artists and signed Chloe x Halle, Sophie Beem and Ingrid.