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'GTA 5' and 'Red Dead Redemption' release dates for PS4 and Xbox One discussed

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Peter Tasca has provided some insight on some potential releases for the PS4 and Xbox One. According to a report from Digital Journal on May 21, the chief executive officer at Laureate BVI believes that "GTA 5" and "Red Dead" will be coming to both next-generation systems. As a result, the stock for Take-Two Interactive could rise.

The executive for the portfolio management firm went on to state that "GTA 5" should achieve similar success on the PS4 and Xbox One as it did on the PS3 and Xbox 360. The release date window for the open-world action-adventure game is expected to be set during the first quarter of 2015. By that time, the amount of next-generation systems on the market should surpass 30 million units sold. A majority of the user base should end up purchasing "GTA 5" as Laureate BVI is estimating that the software product could sell 20 million copies.

The fifth main installment of the "Grand Theft Auto" series already generated over $1 billion of revenue several days after launching for the PS3 and Xbox 360 last year. It should end up grossing the same amount on the PS4 and Xbox One. Peter Tasca suggests that investors should invest in Take-Two Interactive due to the potential upside of the company.

The chief executive officer did not provide any details on the new "Red Dead" video game. The series started in 2004 with the release of "Red Dead Revolver." However, the brand exploded in popularity with the launch of "Red Dead Redemption," which came out for the PS3 and Xbox 360 in 2010. Rockstar Games recently expressed some interest in developing another game. A PC version of "Red Dead Redemption" was also spotted recently on various databases.

Take-Two Interactive previously confirmed that a PS4 and Xbox One game will be released by Rockstar Games. The new title is coming out by the end of the company's fiscal year, which is set for March 31 of next year. With the E3 2014 convention happening next month, fans may not have to wait too much longer to hear about the new project.

"GTA 5" is still a big money-maker for Take-Two Interactive even without a release on the PS4, Xbox One as well as the PC. Along with selling more than 33 million copies so far, the video game also features a "GTA Online" mode where players have the option to use real money to buy cash cards for purchasing various virtual goods. These micro-transactions give the company another revenue stream. A screen from the PS3 and Xbox 360 version of the popular title from the Playstation Facebook page can be seen near the top of this article.

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