Koji Hoshino the president of the legendary Japanese Animation company Studio Ghibli confirmed at the International Rome Film Festival that they'll announce there new project in New York on December 15th.
This is fantastic news as rumours that the iconic company may have to cut the studio staff down to a minimum which would mean the end of great animation but now the rumours would start on what that next project could be. One of those rumours is that possible movie could be a sequel to Porco Rosso or the other talk was it could be a project by the godfather of Ghibli Hayao Miyazaki.
1992 was when Porco Rosso was released and the possible project could be named Porco Rosso: The Last Sortie with the movies protaginist flyinging into the Spanish Civil war and if this is to be the project it would be the studio's first ever sequel. As Ghibli was my introduction into the fantastic world of Japanese Anime I have followed the studio religiously and like the source of this post I agree that this may not be the new project they'll annouce next month as Hoshino didnt seem to be very serious about the project as well this new one even going into development!
“If next two films succeed and Suzuki-san lets me make it (Porco)…It cannot be helped because it’s a hobby of the old man, I’m happy. It’s my hobby.” - as quoted in Nausicaa.net, and looking at that quote it looks like that was referring to The Borrower Arrietty and Isao Takahata's Tale of The Bamboo Cutter which is been directed at this moment. After Ponyo Miyazaki did say he planned to release another 2 movies and though Porco Rosso was a good movie it isnt one of the studio's best movies and hopefully Porco Rosso 2 wont be his next project but a “tragic story about a boy” which the vetren animator has always desired to make.