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Wikipedia has an article on: PlayStation 5
As recently revealed at Sony’s PlayStation 5 digital event, the adventures of Michael, Franklin and Trevor are coming to a new generation of consoles, including PlayStation 5, in the second half of 2021.
The new generation versions of GTAV will feature a range of technical improvements, visual upgrades and performance enhancements to take full advantage of the latest hardware, making the game more beautiful and more responsive than ever.
And for the massive and vibrant community of Grand Theft Auto Online players worldwide, the journey through the ever-evolving, shared world of GTA Online will continue on to the new generation with more new updates including additional GTA Online content exclusive to the new consoles and PC. There will also be a new standalone version of GTA Online coming in the second half of 2021, which will be available for free exclusively for PlayStation 5 players during the first three months.
Additionally, all PlayStation Plus members on PlayStation 4 will get GTA$1,000,000 (deposited into their in-game Maze Bank account within 72 hours of log-in) each month they play GTA Online until the launch of GTA Online on PlayStation 5.
Stay tuned to the Rockstar Newswire for many more details on the new versions of GTAV and much more to come in the months ahead.

The PlayStation 5, (stylized as PLAYSTATION 5), or PS5, is Sony's fifth gaming console and the successor of the PlayStation 4.

Grand Theft Auto Games on the PS5[]

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