Grand Theft Auto V

Grand Theft Auto V, also known as GTA 5 or GTA V, is a Rockstar North video game currently in development. It is the next game in the Grand Theft Auto series. GTA V was announced on the October 25th 2011, with a tweet stating: "#GTAV rockstargames.com". On the 2nd of November 2011, at 16:00 GMT (12:00 EDT). Take-Two Interactive, Rockstar Games' parent company, shares jumped seven percent following the revelation that Grand Theft Auto V is in development.

Location
On November 2nd the Trailer reviealed Grand Theft Auto V will take place in Los Santos and the surrounding area.

Protagonist
Accordingly, the protagonist is still unknown, but this will almost certainly be revealed in the upcoming trailer. Despite this, some speculate Packie McReary could be returning as the main character. After the end of TBoGT, Packie left Liberty City on a westbound plane with his luggage to an unknown location.

Release Date
This is unknown as of yet but is hoped to be announced in the first trailer. Based on prior GTA games, the game should be released about 7.5 months after the first trailer, forecasting GTA V's release in July 2012. However, considering GTA IV was released 13 months after the first trailer, putting GTA V's release as late as the end of November to early December in 2012, if there are any delays such as in the previous game. A release date in November is also fairly likely because doing so would place it in Holiday shopping territory, though should this happen the game would have to compete with other popular video game titles released around this time too.

Trivia

 * An advertisement from The Ballad of Gay Tony in Star Junction said "Liberty City, it's over! NEXT STOP.". Some have taken this to mean that GTA V will most definitely not be set in Liberty City.
 * It is hinted in the trailer that pilotable planes will arrive.