The women star in the upcoming movie Mother/Daughter and filmed the parody video while shooting in Hawaii.
Schumer has been accused of cultural appropriation for making light of a song meant to highlight police brutality in America.
Schumer responded by quoting a lyric from the song and announcing that the song was an exclusive for streaming service Tidal, which is partially owned by Beyonce and her husband Jay Z.
"You know you that [expletive] when you cause all this conversation," Schumer wrote in an Instagram post. "Thanks for the exclusive release Tidal! We had so much fun making this tribute. All love and women inspiring each other. #strongertogether."