Studio Ghibli films have their own unique flair, making every film a visual feast for anyone who watches them. The studio famous for films such as "My Neighbor Totoro" and "Spirited Away" will be releasing a new feature film this fall.

Studio Ghibli co-founders Isao Takahata and Hayao Miyazaki have planned to release two films simultaneously this year, just like how they released "My Neigbor Totoro" and "Grave of the Fireflies" in 1988.

But with Miyazaki's "The Wind Rises" premiering in Japan last year, the plan didn't quite work out as Takahata's "The Tale of Princess Kaguya" was only released early this year.

Despite their plans not working out, both films have been greeted with positive reviews. "The Wind Rises" was nominated for an Oscar, while "The Tale of Princess Kaguya" premiered at this year's Cannes festival.

Takahata's new film is slated for an October 17 release date in the US, with Chloe Moretz lending her voice to the title character.

Meanwhile, 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 films 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.

Stay tuned for more Studio Ghibli films news here!