San Francisco outfit Kabam has announced the appointment of Chris Petrovic as its new head of corporate development.

In this role, Petrovic will manage Kabam's existing relationships with Hollywood studios - including Warner Brothers and Universal - while seeking new opportunities for branded tie-in games.

Petrovic's appointment comes just days after Kabam acquired San Francisco-based RPG developer Phoenix Age for a rumoured figure of $90 million.

The $500 million dollar kid

Prior to joining Kabam, Petrovic served as the GM for GameStop Digital Ventures, where he was responsible for strategic partnerships, investments and acquisitions. During his tenure, digital revenues for the company grew by half a million dollars.

Speaking on his new position at Kabam, Petrovic stressed that he was eager to expand its current business model by appealing to core gamers.

"I'm a big believer in the core gamer, and have watched Kabam grow into the market leader it is today by creating fantastic games for that passionate audience," said Petrovic.

"I can't wait to leverage my experience with the world-class team at Kabam to build on that great foundation."