Awesome Magical Tales (also known as Teenage Fairytale Dropouts in the first season) is an animated series created by Adolfo Martinez Vara and José C. Garcia de Letona. Inspired by the characters from the 2003 Mexican animated film, Magos y Gigantes, the series was created and produced by Ánima Estudios and co-produced with SLR Productions, Home Plate Entertainment, Telegael Teoranta and Agogo Media. It made its first introduction on Seven Network in Australia on 31 December 2012. In Mexico, the show premiered on digital and streaming platforms, dubbed as Generación Fairytale.

The show later premiered in the U.S. on the Hub Network on 31 May 2014.

Ánima Estudios has launched an official YouTube channel for the Spanish-language version of the show on 7 May 2015, with an English-language version being launched a week later on 14 May 2015.

The show has been recently acquired by Bejuba! Entertainment for new distribution rights and was renamed Awesome Magical Tales. The show has also been renewed for a second season by Australia's ABC Me after successful ratings during its domestic broadcast.