Pre-E3 Grand Theft Auto V Announcement?

Rockstar may officially announce Grand Theft Auto V in the run up to this year’s E3 event according to an industry analyst.

Janco Partners’ Mike Hickey has said (via CVG) he expects Rockstar to unveil the next instalment in the seminal open world series before the biggest gaming event of the year.

“Assuming GTA V is in their fiscal ’11 period as we have currently modeled, [Take-Two Interactive] should be highly profitable, and likely in excess of current street consensus,” said Hickey.

He added that with GTA’s RAGE engine already complete, the game will require less development time than it s predecessor and that “the Rockstar team is newly incentivized through profitability versus a unit sales approach.

“We believe there is building suspension for a pre-E3 GTA V announcement,” he said, adding: “We expect nothing from Rockstar at this year’s official E3 event,” he said.

Any guesses what we can expect from the next GTA? Let us know in the comments section below.