outbrain
Close  

‘Grand Theft Auto VI’ is planned for 2023/24, financial record suggests

/ 07:06 PM May 29, 2020
Grand Theft Auto

“Grand Theft Auto V” promotional poster. Image: courtesy of Rockstar Games/Take-Two Interactive via AFP Relaxnews

When is “GTA 6” out? A financial notice from “Grand Theft Auto” publisher Take-Two Interactive suggests not before 2023, as a significant increase in marketing spend has been planned for between April 2023 and March 2024.

With Rockstar Games’ “Grand Theft Auto V” launched across multiple devices between 2013 and 2015, and its “Red Dead Redemption 2” released in 2018 and 2019, speculation has turned towards the likely timeline for a sixth entry to the “Grand Theft Auto” franchise.

ADVERTISEMENT

Guessing games intensified after Rockstar and its parent, Take-Two Interactive, partnered with the Epic Game Store to give away “Grand Theft Auto V” earlier in May — and, in April, make it part of the Xbox Game Pass — indicating that up-front sales had slowed enough for such deals to make sense.

(Multiplayer mode “Grand Theft Auto Online” still provides income for the group via optional but advantageous purchases.)

FEATURED STORIES

Industry lens VentureBeat noticed that Take-Two filings to the United States Securities and Exchange Commission foresaw a sharp and significant rise in marketing spend during the financial year ending in March 2024.

As surfaced by a report from investment bank Stephens Inc., which picked up on the detail, Take-Two had intended to spend $78.1m on marketing in the financial year ending March 2023 (versus the previous year’s $28.7m).

Forecast updates now show that it expects to spend $89.2m in financial year 2024, versus $40.9m the year before.

Is there past precedent for Take-Two budget allocation predicting blockbuster game releases? There is.

A similar increase “accurately predicted the launch of ‘Red Dead Redemption 2’ prior to that game’s announcement,” noted Stephens analyst and report author Jeff Cohen.

It might be longer than fans would like to wait, but a 2023 or 2024 release allows for a more comprehensive migration from the PlayStation 4 and Xbox One generation to late 2020’s Xbox Series X, PlayStation 5, and a spread of cloud gaming platforms.

Again, this is in line with previous Rockstar and Take-Two strategy. If anything — and if this is “GTA 6” — it’s less cautious.

ADVERTISEMENT

“Red Dead Redemption 2”, for example, launched five years into the PS4 and XBO generation.

As for “GTA V”, it launched for PS3 and Xbox 360 some seven and eight years after those systems debuted, two months before the PS4 and XBO were made available; it took another year for the epic to arrive on current generation consoles.

The timeline fits in with an April report from video game outlet Kotaku about changes in Rockstar’s studio culture. It identified “Grand Theft Auto VI” as “still early in development.”

One plan for its development was for a relatively large (rather than customarily enormous) initial release that would be “expanded with regular updates over time.” IB

RELATED STORIES:

WATCH: ‘The Last of Us’ sequel presents detailed gameplay video

‘Fast & Furious’ game adjusts trajectory for August 2020

TOPICS: Epic Games, Grand Theft Auto, GTA, GTA V, GTA VI, PC games, PlayStation, Rockstar Games, Video games, Xbox
Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.