Animation Magic () was a Russian-American animation studio founded in Gaithersburg, Maryland in 1991, with offices later added in Cambridge, Massachusetts and a 100%-owned subsidiary in Saint Petersburg, Russia. The company developed animations for CD-based software. It was acquired in December 1994 by Capitol Multimedia. The assets and rights that Capitol owned would be sold to Davidson & Associates in April 1997.
By 1994, Animation Magic had 90 employees, including 12 software engineers and approximately 60 animators, computer graphic, background and sprite artists. Its video games included ', ', Mutant Rampage: Bodyslam, Pyramid Adventures, I.M. Meen, ', Darby the Dragon, and the cancelled '.
Circa 2006, Animation Magic video games were major source materials for YouTube poops, with the most notable being Link: The Faces of Evil, Zelda: The Wand of Gamelon, and I.M. Meen.
On September 6, 2020, over 200 animators collaborated to reanimate 21 minutes of cutscenes of Link: The Faces of Evil and Zelda: The Wand of Gamelon (both 1993).