Smilegate Entertainment Inc., a South Korean game developer behind blockbuster first-person shooter series CrossFire, has invested $100 million in That’s No Moon, a new video-game development studio in the U.S. led by former PlayStation developers.

Smilegate plans to work together with That’s No Moon on developing a new AAA narrative-driven game in the action-adventure genre, said the company on Thursday. Its American partner already has assigned a team for game concept.

AAA or Triple-A is informal classification used to categorize blockbuster video games developed by large and well-known development teams with big marketing budgets.

Smilegate aims to leverage That’s No Moon’s strength to penetrate deeper into the game markets in North America and Europe.

Based in Los Angeles, That’s No Moon is headed by Michael Mumbauer, former head of PlayStation’s Visual Arts Group. It was founded last year by Mumbauer and other former PlayStation developers.

By Pulse

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