Rumors have been swirling for a few days, but now it looks like the end is truly here: Studio Ghibli has closed. I'm reporting this as a rumor because the announcement was just made on Japanese television and no English language confirmation has appeared yet, but it looks to be true.
Ghibli has been in trouble for a while; one of the last bastions of traditional 2D cel animation, the studio's last few movies have failed to turn a profit. Hiyao Miyazaki, co-founder of the studio, recently retired, which made many wonder about Ghibli's future.
Studio Ghibli leaves behind a legacy that is powerful for fans of animation, and includes films like Spirited Away, Grave of the Fireflies, Porco Rosso and Kiki's Delivery Service. The studio's last film is When Marnie Was There, released last month in Japan. No US release is scheduled yet.
Ghibli will still technically exist, and there will be a small staff to administrate current properties and IPs, but no new movies or TV shows will be created. This, of course, means that Ghibli could rise again.