Studio Ghibli films have captured the hearts of many with its unique storyline with excellent visuals to match.

The renowned studio has been on the spotlight as of late because of rumors that it will be closing soon following its creator Hayao Miyazaki's retirement. But latest reports might prove otherwise.

In an article published by Variety, Studio Ghibli co-founder Toshio Suzuki clarified his statements saying that he was misquoted by several Western publications. He added that the studio will not close but will only take a "brief pause" to ponder on the direction the studio should take for profitability's sake.

Suzuki also explained that there was never a plan to completely shutdown the film making operations of the studio. In fact, he further added that Miyazaki could come out of retirement and make a new film- a short one for the Ghibli Museum in Tokyo.

The Epoch Times reported, "Miyazaki told the Telegraph last year that he wanted to create three new animated shorts for the museum, which typically exclusively broadcasts Ghibli shorts."

"If Miyazaki returns to making full length films,that would likely be the best way for Studio Ghibli's feature film department to stay open and make money. His last film The Wind Rises has made over $91 million (9.23 billion yen), though it has yet to turn a profit. And one of the newest movies from the studio, The Tale of Princess Kaguya, cost even more to make and has made even less money."

Strangely, Miyazaki in his Cut Magazine interview in 2010 said that Suzuki was indeed keen on shutting down studio operations.

"No joke, we talked about it the other day. For example, Ghibli should be able to continue with about five staff members as a copyright management company even if we smash the studio," he said.

"So, Ghibli can say 'We stop film production. Goodbye.' I do not have to be there."

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