That's No Moon Entertainment

That's No Moon Entertainment

Independent studio producing narrative-driven AAA games

Overview

That's No Moon Entertainment is an independent studio that develops narrative-driven AAA video games. Its games blend cinematic storytelling with large-scale production, aiming to immerse both casual and hardcore players. The studio monetizes through game sales, in-game purchases, and partnerships or licensing deals, produced by a collaborating team drawn from top studios. It differentiates itself by combining indie independence with AAA-level talent and a focus on responsible production to shape the future of AAA storytelling.

About That's No Moon Entertainment

Simplify's Rating
Why That's No Moon Entertainment is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Consumer Software

Entertainment

Gaming

Company Size

201-500

Company Stage

Early VC

Total Funding

$101.5M

Headquarters

Los Angeles, California

Founded

2021

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Simplify's Take

What believers are saying

  • June 2026 Summer Game Fest reveal created immediate global visibility for Crossfire.
  • Adaptive Cover and stealth-action positioning targets players burned out on multiplayer shooters.
  • Smilegate and Team K1 provide publishing firepower across console and Windows launches.

What critics are saying

  • August 7, 2026 layoffs hit 14 staff, signaling budget pressure before launch.
  • Crossfire still has no release date, extending execution risk through 2027.
  • Smilegate already failed with CrossfireX; another miss threatens That's No Moon’s survival.

What makes That's No Moon Entertainment unique

  • June 5, 2026 Crossfire revealed cinematic, single-player AAA from Naughty Dog and Infinity Ward veterans.
  • Taylor Kurosaki and Jacob Minkoff bring proven narrative and combat design credibility.
  • Smilegate’s $100 million backing gives That's No Moon rare capital for premium production.

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Funding

Total Funding

$101.5M

Above

Industry Average

Funded Over

2 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Unlimited Paid Time Off

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

0%
CDKeyPrices.com
Aug 10th, 2026
Crossfire developer That's No Moon reportedly lays off 14 staff.

Crossfire developer That's No Moon reportedly lays off 14 staff. That's No Moon, the studio behind the newly revealed Crossfire, has reportedly cut 14 staff just two months after its high-profile Summer Game Fest debut. That's No Moon, the Los Angeles-based studio developing the upcoming third-person shooter Crossfire, has reportedly laid off 14 employees, according to a source cited by Insider Gaming. The cuts are said to have taken place on Thursday, August 7, with former staff beginning to post about the situation on LinkedIn by August 6-7. Crossfire is currently available to wishlist, and you can track the latest pricing at $29.46 via CDKeyPrices. The studio and the game. That's No Moon was founded in 2021 by industry veterans from studios including Naughty Dog and Infinity Ward, and revealed its first AAA offering - a narrative-driven, single-player title called Crossfire - at Summer Game Fest 2026. Korean publisher Smilegate invested $100 million into the studio to expand its reach in the Western Hemisphere. Designed as a premium single-player experience, Crossfire is a third-person tactical action-adventure that combines a cinematic thriller with grounded stealth combat, immersing players in the story of Layla (voiced by Claudia Doumit of The Boys) and Cross (voiced by Ricky Whittle of American Gods), two enemy operators forced into a fraught alliance. As part of its reveal, That's No Moon showcased a brand new system called Adaptive Cover that rewards stealth, reactive thinking, and critical thinking. Smilegate will publish the console versions, while Team K1, a Tencent subsidiary, will publish the Windows version. What's known about the layoffs. 14 employees have allegedly been affected, according to a source, but the studio has yet to officially announce anything, and whether this will affect current development remains unknown. Former employees began posting about the situation on their LinkedIn profiles on August 6, confirming they were affected; roles impacted appear to have included technical and environmental artists. As of publication, That's No Moon has not confirmed the layoffs, and no official reason has been given, though the cuts are believed to have been financially motivated. Crossfire was developed with a team of approximately 230 people, meaning 14 departures represent a small but visible fraction of that headcount - and coming before the game has even secured a release date, the timing raises questions. No release date, no comment. A release date was not given at the time of the Summer Game Fest reveal, nor has one been announced in the weeks that followed. No official figures have been provided for the number of employees affected, and without a statement from the developer it would be premature to assume the layoffs signal a cancellation or major reboot. Smilegate is making another push into the North American and European console markets with Crossfire, about three years after the commercial failure of CrossfireX, and unlike previous entries in the series, the new game abandons the traditional multiplayer first-person shooter format in favor of a third-person single-player action-adventure. The $100 million backing and the high-profile Summer Game Fest slot made Crossfire one of the more anticipated new IPs heading into the back half of the decade - which makes this early turbulence all the more uncomfortable to watch. Live deal tracker

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VentureBeat
Jul 28th, 2021
Smilegate invests $100M in That’s No Moon Entertainment with ex-Sony, Naughty Dog, and Activision devs

That's No Moon Entertainment has raised more than $100 million in investment from CrossFire creator Smilegate.Read More

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