EDITOR’S NOTE: Hi! Hello. This article is from 2014, and we’re not entirely sure why hundreds of you are reading it right now. (Was it shared in a Facebook group? Let us in, we love Studio Ghibli!)

As you probably know by now, Studio Ghibli did not shut down in 2014. It temporarily halted production following the retirement of director Hayao Miyazaki. But it’s back, baby! Earwig and the Witch, the studio’s first 3D movie, was released last year, and How Do You Live? is slated for 2023. Anyway. Hope this clears some things up! Carry on.

Whispers of the imminent demise of highly influential Japanese animation production company Studio Ghibli have now been validated, with the studio’s general manager, Toshio Suzuki, announcing on Japanese television this morning that the studio will officially shut down and use its scaled back human resources to manage trademarks tied to its existing back catalogue of films and cease making new ones.

The team behind some of the most inspired animated films of all time including Spirited Away, My Neighbour Totoro, Princess Mononoke and Howl’s Moving Castle were forced to make the decision after its more recent films struggled to turn a profit at the box office. The studio’s lacklustre recent performance inextricably tied to the retirement of studio co-founder, creative lifeblood and amateur ramen chefHayao Miyazaki, who officially retired last year.

As it stands, Miyazaki’s last film was 2013’s Academy Award nominated The Wind Rises and Studio Ghibli’s last film was last month’s Toshio Suzuki-produced When Marnie Was There.

Meanwhile, Miyazaki’s son Goro Miyazaki is directing Ghibli’s first foray into television, Ronia the Robber’s Daughter, expected to debut later this year.

Now we know how this guy feels.