Tuesday, July 14, 2009

GTA V Will Soon Cometh !!



Possibly as early as next year, but no later than 2011; a new Grand Theft Auto game will be spinning in your console according to Michael Pachter, an industry analyst for Wedbush Morgan Securities.

Pachter's report states that a new title has been in development by Take Two for over a year now and plans to have it published for release by next year or 2011 the latest.

"Management declined to state when the game will launch, but has confirmed to us that the game is in development, has been for over a year, and is using the same game "engines" as the last version," Pachter wrote.

"Management also told us that the team at Rockstar North is highly motivated to get the game out, and that the team understands that its highest payday will come from working on GTA instead of any other game. When we do the simple math, we conclude that the next installment is likely to be completed by some time in 2010, although given the frequency of game delays, it is not clear that it will necessarily come before October 31, 2010." "However, it is clear to us that the next version of GTA will arrive before the end of [Fiscal Year 2011]," he added.

Alan Lewis, VP of corporate communications for Take-Two, declined to comment on the report saying: "We only provide comments on information released directly by the Company. It is our policy to not comment on speculation by the media or analysts."

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