A new report appears to confirm the recent rumors that beloved Japanese animation studio Studio Ghibli will no longer be making feature films.

The news comes out of an appearance by Ghibli General Manager Toshio Suzuki on Japanese TV network MBS, the transcript of which was translated by fan-site Oh-Totoro. According to the translation, the studio will close its production studio and focus on managing its existing properties and trademarks.

"Just moments ago, Toshio Suzuki, Studio Ghibli producer, announced on the TV show of the MBS Jounetsu Tairiku chain effectively as announced as sources close to the studio, Studio Ghibli will close and production studio anime, leaving himself only as a company that will manage its trademarks," the translation reads. "As stated in the program's producer, "the production department of anime will be dismantled."

The news follows speculation that Studio Ghibli will close its doors after its most prolific filmmaker and co-founder Hayao Miyazaki retired last year.

Studio Ghibli was  founded in June 1985 by directors Miyazaki,  Isao Takahata and Toshio Suzuki. Driven by the boundless creativity of Miyazaki, its 20 animated feature films have captured the hearts of audiences the world over. Its most recent feature, When Marnie Was There, opened in Japan July 19th.

Lucy O'Brien is Entertainment Editor at IGN AU. Follow her ramblings on Twitter.