Sonic Boom: Rise of Lyric [Wii U]

[xiexe]

My question is; is it possible to extract the models with the animations?

Nope, no one has figure out, yet.
This Sonic Boom game uses .dba files content animations data like other CryEngine games.
I have a same question as yours, now I just waiting someone able to extracting it.

I had no idea this game was using Cryengine. In that case, has anyone ever extracted animations from recent versions of Cryengine? If so I would assume a similar method would apply here. Time to do some research!