Electronic Arts announced today that it has signed a publishing agreement with Insomniac Games. EA will publish Insomniac’s first multiplatform release in an all-new franchise for the PS3 and Xbox 360, currently in development at its Burbank studio.

“Working with EA Partners allows us to extend the reach of our games to a multiplatform audience while retaining ownership of the intellectual property,” said Ted Price, founder and CEO of Insomniac Games. “We are excited and eager to introduce Insomniac to a new group of gamers while reinforcing to our loyal fans what makes our games special.”

“This is an exciting day for all of us at EA Partners and for gamers everywhere,” said David DeMartini, Senior Vice President and General Manager of EA Partners. “Insomniac is renowned for their commitment to quality and their ability to create unique, exciting worlds for gamers to explore. We look forward to help them bring their next blockbuster franchise to the millions of diehard Insomniac fans on PlayStation and the soon to be millions of diehard Insomniac fans on Xbox 360.”

While Insomniac has a long history with Sony and PlayStation, being independent allowed them to make this long rumored move. No release date was given for the unnamed product.