It seems that by way of several sources, we are now hearing that we should expect Rockstar to formally announce Grand Theft Auto 5 in June at E3. In addition, it is expected that the game could be on track to make a January 15th, 2012 release date.
What we have been able to uncover so far is that it is pretty much confirmed that Grand Theft Auto 5 has been in development for some time since the release of GTA 4. High profile industry analysts do agree that 2012 will not pass without a GTA 5 release, which isn’t a surprise; but the latest news of a January 15th 2012 release date does seem a bit puzzling and unexpected, to say the least, if it turns out to be true.
Apparently, the January release has a lot to do with expiring contracts of developers said to be working on the GTA 5 project. A number of rumors claim that key players on the development team for GTA 5 only have contracts that run through January of 2012, and that is why the game must make a January release deadline. It is hard to understand the strategy of a January 15th release, but with many still having holiday money to spend it might not be such a bad thing. We will have to wait and see, but we do expect GTA 5 to be officially announced at E3 in June.