This marks a very sad day for Anime fans...
By
4 Aug 2014 - 12:01 PM  UPDATED 4 Aug 2014 - 2:04 PM

UPDATE:

Studio Ghibli’s general manager Toshio Suzuki announced on Japanese television today that the company will look at restructuring its animation feature film department.

Studio Ghibli is responsible for renowned feature anime productions such as Spirited Away (2001), Whisper of the Heart (1995), Pom Poko (1994), My Neighbor Totoro (pictured) (1998) and The Wind Rises (2013).   

Rumours had been circulating about the studio’s closure after Hayao Miyazaki retired last year after completing The Wind Rises and co-founder and producer Toshio Suziki became Ghibli's general manager earlier this year. The production house also reported that The Tale of Princess Kaguya made only 5.1 billion yen (approx. $52 million AUD) last year and The Wind Rises, despite being more successful is yet to make a profit due to its high production costs.

The studio will now prioritise managing their current copyrights with the option to outsource for any new projects. When Marnie Was There (released July 2014 in Japan) will be the last feature film made in house at this time while the company "takes a break" to decide which direction to take in the future.

Source: Telegraph UK, Hypable, Kotaku