Skydance completed the acquisition of animation unit of Ilion Studios.

Skydance, a diversified global media company, completed the acquisition of animation unit of Ilion Studios, an animation producer. Financial terms were not disclosed. “The world is going through an unprecedented and uncertain time. Today’s acquisition marks the culmination of many months of work to build one studio across two continents, with the goal of creating the highest-quality animation, led by best-in-class talent from around the world,” David Ellison, Skydance Media CEO.