Grand Theft Auto V and GTA Online Now Available for PlayStation 5 and Xbox Series X|S

Rhea-AI Summary

Take-Two Interactive Software (NASDAQ: TTWO) announces that Grand Theft Auto V and GTA Online are now available digitally on PlayStation 5 and Xbox Series S|X. The games are priced at $9.99 and $19.99 respectively until June 14, 2022, with a free standalone version of GTA Online. Enhanced features include ray tracing, improved textures, and faster loading times. Players can transfer progress from previous consoles and access exclusive new content. Rockstar Games has solidified its reputation with over 350 million units sold in the Grand Theft Auto series.

Positive

• Launch of GTA V and GTA Online on next-gen consoles enhances revenue potential.
• GTA Online continues to evolve with new player-friendly features and exclusive content.
• Ability to transfer progress from previous consoles boosts player retention.

Negative

• No significant mention of long-term revenue estimates or subscriber growth projections.

Blockbuster hits arrive on a third console generation

NEW YORK--(BUSINESS WIRE)-- Rockstar Games^®, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), is proud to announce that Grand Theft Auto V and GTA Online are now available digitally for the PlayStation^® 5 computer entertainment system and the Xbox Series S|X games and entertainment system.

Rockstar Games®, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), is proud to announce that Grand Theft Auto V and GTA Online are now available digitally for the PlayStation® 5 computer entertainment system and the Xbox Series S|X games and entertainment system. (Graphic: Business Wire)

Grand Theft Auto V and GTA Online are available together for $9.99 through the PlayStation Store and $19.99 through the Microsoft Store on Xbox through June 14, 2022, with physical releases coming in April. The new standalone version of GTA Online is also free to download now through the PlayStation Store through June 14, 2022.

“The impact of Grand Theft Auto V continues to both humble and amaze us,” said Sam Houser, founder of Rockstar Games. “We’d like to thank everybody for supporting these games onto an incredible third generation of consoles, and we sincerely hope you enjoy these new versions.”

Delivering the epic, action-packed experience of Grand Theft Auto V and the ever-evolving online universe of GTA Online to the latest generation of consoles for new and returning players, Grand Theft Auto V and GTA Online for PlayStation^® 5 and Xbox Series S|X debut with a host of new and improved features, making both games more player-friendly and easier to access than ever before.

Grand Theft Auto V and GTA Online for PlayStation 5 and Xbox Series X|S feature new graphics modes with HDR options and ray tracing, improved texture qualities, faster loading times, and immersive features such as Tempest 3D audio on the PlayStation 5 and Spatial Sound on the Xbox Series S|X, haptic feedback on the DualSense wireless controller, and much more.

New graphics modes allow players to tailor their gameplay experience. Fidelity Mode is tuned for the highest visual quality and targets 30-FPS. In this mode the PlayStation 5 and Xbox Series X support native 4K resolution with ray tracing enabled, while the Xbox Series S supports upscaled 4K resolution. Performance Mode is tuned for the most responsive gameplay experience and targets 60-FPS. In this mode the PlayStation 5 and Xbox Series X support upscaled 4K resolution while the Xbox Series S supports a resolution of 1080p. In addition, the PlayStation 5 and Xbox Series X have Performance RT mode, a hybrid of the Fidelity and Performance modes supporting upscaled 4K resolution with ray tracing enabled and targeting 60-FPS.

In addition to seeing Los Santos and Blaine County in greater detail than ever before, the massive and unrivaled experience of GTA Online — with 8+ years’ worth of gameplay additions delivered across over 40 unique updates — will continue to evolve with the power of PlayStation 5 and Xbox Series X|S, while new player-friendly features will allow players to quickly jump into activities that interest them most from a redesigned Main Menu, offering quick access to Story Mode or the latest and most popular content from GTA Online.

New and returning players will also have the ability to create a new character through GTA Online’s new Career Builder, which guides players through the selection of one of four Criminal Careers to get started, plus a GTA$4,000,000 windfall to use on a select property, a powerhouse vehicle, and the necessary firepower to kickstart their enterprise.

GTA Online for PlayStation 5 and Xbox Series X|S will also feature exclusive new content such as the return of Los Santos Tuners’ auto expert Hao, as he takes over the LS Car Meet Mod Shop to provide a specialist custom service, Hao’s Special Works (HSW), where players can get access to new vehicles with higher top speeds and other exclusive modifications and customizations, new race series, time trials, racing suits, and more.

Furthermore, PlayStation 4 and Xbox One players eager to continue their journey on the newest generation of hardware will be able to transfer both their Grand Theft Auto V: Story Mode progress and their current GTA Online characters and progression with a one-time migration, complete with special rewards including a free Karin S95 fully converted by the experts at Hao’s Special Works, plus an HSW racing suit and a highly sought-after set of Chameleon paints made available to all vehicles.

Grand Theft Auto V and GTA Online are rated M for Mature by the ESRB. For more information, please visit https://www.rockstargames.com/gta-v.

About Rockstar Games

Rockstar Games cemented their reputation as creators of complex living worlds with the Grand Theft Auto series, one of the most successful entertainment properties of all time with over 350 million units sold-in worldwide. Through a string of critically acclaimed games including the Grand Theft Auto series, the Red Dead Redemption series, the Max Payne series, Bully, L.A. Noire, the Midnight Club series and The Warriors, Rockstar Games has helped propel interactive entertainment into the center of modern culture.

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher, and marketer of interactive entertainment for consumers around the globe. We develop and publish products principally through Rockstar Games, 2K, Private Division, and T2 Mobile Games. Our products are designed for console systems and personal computers, including smartphones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services. The Company’s common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at http://www.take2games.com.

All trademarks and copyrights contained herein are the property of their respective holders.

Cautionary Note Regarding Forward-Looking Statements

The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," “should,” "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including: risks relating to our pending acquisition of Zynga; the uncertainty of the impact of the COVID-19 pandemic and measures taken in response thereto; the effect that measures taken to mitigate the COVID-19 pandemic have on our operations, including our ability to timely deliver our titles and other products, and on the operations of our counterparties, including retailers and distributors; the effects of the COVID-19 pandemic on both consumer demand and the discretionary spending patterns of our customers as the situation with the pandemic continues to evolve; the risks of conducting business internationally; the impact of changes in interest rates by the Federal Reserve and other central banks, including on our short-term investment portfolio; the impact of potential inflation; volatility in foreign currency exchange rates; our dependence on key management and product development personnel; our dependence on our NBA 2K and Grand Theft Auto products and our ability to develop other hit titles; our ability to leverage opportunities on PlayStation®5 and Xbox Series X|S; the timely release and significant market acceptance of our games; the ability to maintain acceptable pricing levels on our games; and risks associated with international operations.

Other important factors and information are contained in the Company's most recent Annual Report on Form 10-K, including the risks summarized in the section entitled "Risk Factors," the Company’s most recent Quarterly Report on Form 10-Q, and the Company's other periodic filings with the SEC, which can be accessed at www.take2games.com. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

“PlayStation,” “PS4”, and “PS5” are trademarks or registered trademarks of Sony Interactive Entertainment.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220315005346/en/

Simon Ramsey

Rockstar Games

(212) 334-6633

Simon.Ramsey@rockstargames.com

Alan Lewis (Corporate Press)

Take-Two Interactive Software, Inc.

(646) 536-2983

Alan.Lewis@take2games.com

Source: Take-Two Interactive

FAQ

What new features are included in GTA V for next-gen consoles?

GTA V for PlayStation 5 and Xbox Series S|X features improved graphics modes, ray tracing, faster loading times, and enhanced audio experiences.

When is the promotional pricing for GTA V and GTA Online available?

The promotional prices of $9.99 for GTA V and $19.99 for GTA Online are available until June 14, 2022.

How many units of the Grand Theft Auto series have been sold?

The Grand Theft Auto series has sold over 350 million units worldwide.

Can players transfer their progress from previous consoles to the new versions of GTA V?

Yes, players can transfer their GTA V Story Mode progress and GTA Online characters to the new versions.

What is the price of the standalone version of GTA Online?

The standalone version of GTA Online is free to download until June 14, 2022.