On October 10, 2017, Bill Damaschke was hired to head the division as president of animation and family entertainment, and Luck was given a release date of March 19, 2021.

[12] Peggy Holmes (The Little Mermaid: Ariel's Beginning, Secret of the Wings and The Pirate Fairy) was later announced as new director of Luck, replacing Carloni who left over creative differences.

The series has been greenlit for two seasons and was announced to feature showrunner Lauren Montgomery as both writer and executive producer with DiTerlizzi and Chad Quant.

[6] On October 1, 2021, Skydance Animation released its first short film inspired by a true story from Joe Mateo called Blush.

[23] In July 2022, Ellison and Lasseter plan for Skydance Animation to make two feature films a year, with their theatrical strategy to be determined on a film-by-film basis.

The company is also building a consumer products team to capitalize on its potential successes and began to open a 5.8-acre Santa Monica campus in October, which was completed by November 2023.

[24] Netflix would take over distribution of preexisting Skydance Animation titles from Apple TV+, including Spellbound, Ray Gunn, and Pookoo.

With the release of Luck in August 2022, their full logo was released and shows the rocket and the UFO from Blush which are now the mascots of the studio launched from their planet (also from Blush) flying around to form the studio's logo with magic blue and pink trails, the fanfare was composed by Joy Ngiaw which was adopted from the theme of Blush, it was animated by their Madrid branch, Skydance Animation Madrid and their head of animation, John Lasseter.