Skydance Animation Madrid (formerly known as Ilion Animation Studios) is a Spanish animation studio based in Madrid, Spain. It is owned by Skydance Animation, a division of Paramount Pictures. After working with Skydance since 2017, they were acquired by the company in 2020, and rebranded as Skydance Animation Madrid.

Ilion Animation Studios was originally based in Madrid, Spain. The Perez Dolset brothers, Javier and Ignacio Perez Dolset, founded the company in the year of 2002 to make animated films. Ilion Animation Studios was a partner with U-Tad, which is a European University that is specialized in digital arts and technology. Ilion came up with all of its own content. On occasion, Ilion worked with some of its third parties. Ilion Animation Studios was independently and privately owned.

In March 2017, Ilion announced that they would partner with Skydance Animation to produce two animated feature films: Luck and Spellbound. Skydance Animation formally acquired the studio in April 2020, renaming it as Skydance Animation Madrid.