Studio Ghibli May Not Be Making Anymore Movies

Sad news for Studio Ghibli fans. The cartoon making powerhouse -- which brought the world films like My Neighbor Totoro and Spirited Away -- may be closing its doors after 29 years.

The news broke late last night (August 3) from director and co-founder Toshio Suzuki, who revealed that there are plans to possibly shut down the studio's production department.

Credit: Studio Ghibli

Despite rumors that the company would completely shutdown production, Suzuki says they will most likely undergo a "housecleaning" or restructuring before they proceed with the "rebuilding" process.

As he explained, "On what to do with Studio Ghibli's future, it is by no means impossible to keep producing [movies] forever. However, we will take a brief pause to consider where to go from here."

This nervous-making news of course comes one year after Ghibli's famed director Hayao Miyazaki announced his own retirement.