Reports claiming that renowned animation studio, Studio Ghibli is closing started to make its rounds on the web.

However, new reports suggest that previous reports may have been exaggerated. Studio Ghibli director and co-founder Toshio Suzuki has addressed the issue and has explained that the studio will not be closing, but will be "restructuring" instead.

According to Metro, "Suzuki apppeared on TV show Jonetsu Tairiku to talk about the future of Studio Ghibli in the wake of director Hayao Miyazaki's retirement.Previous reports said that Ghibli would be closing their feature film department, focusing on their existing trademarked material going forward."

In another related report by Comingsoon.net, Suzuki shared that the studio is "rebuilding" for the sake of the next generation.

He further added that after Miyazaki's retirement, the studio will "take a brief pause to consider where we go from here." With Suzuki's statement, it would seem that previous reports might have been misinterpreted.

However, since the studio will be restructuring and rebuilding, it will be highly likely that they won't be making new movies as of the moment. The studio's last movie "When Marnie Was There" has just been released in Japan in July and has yet to have an international release date.

Here is a short description of "When Marnie Was There" as published on The Verge:

"Like Arrietty, When Marnie Was There is an adaptation of a British children's novel, this time by Joan G. Robinson; the plot sees an unwell girl called Anna strike up a friendship with the ethereal Marnie while staying at a seaside town to recuperate."

"The trailer above is in Japanese, but you don't need to speak the language to grasp many of the Ghibli hallmarks - like so many of the studio's other works, When Marnie Was There looks to feature the same stunning animation grounded in emotional resonance."