Naomi Watts and Liev Schrieber Split

Naomi Watts and Liev Schreiber have split up after 11 years as one of Hollywood’s most enduring couples.

The former duo, who have two children together, Alexander (Sasha) Pete Schreiber, 8, and Samuel Kai Schreiber, 7, announced their breakup in a joint statement to PEOPLE on Monday.

“Over the past few months we’ve come to the conclusion that the best way forward for us as a family is to separate as a couple,” read the statement.

A source on the set of Schreiber’s Showtime series Ray Donovan tells PEOPLE, “They have been on the rocks for quite a while.”

While they appeared happier than ever as recently as the Toronto International Film Festival, where they shared a bevy of flirty photos on Instagram, their relationship was the subject of scrutiny over the years, particularly over the issue of marriage.

In 2012, Watts told Easy Living Magazine that marriage simply wasn’t a top priority for the couple. “We’re very much together. We just don’t have that certificate, and that’s okay with both of us,” she shared. “Maybe one day, we’ll just wake up and go ‘Hey, let’s do this.’ And maybe not.”

Watts, 47, and Schreiber, 48, met at the Metropolitan Museum of Art’s annual costume ball in 2005 and immediately hit it off. The actor recently recalled the story in a profile for Esquire, telling the magazine that when he first saw Watts she was like “a ray of light.”

The story goes that Watts invited him out dancing after the Met Gala, but when Schreiber got to the club later in the evening, he found her surrounded by a group of actors, including Sean Penn and Benicio Del Toro.

Read More