Michael "Mystic Meg" Pachter, the infamous Wedbush Morgan analyst, today predicted what most of us predicted nearly two years ago. He predicted that the next Grand Theft Auto (GTA 5) will arrive in late 2011 or early 2012.
We fully expect the next instalment of Grand Theft Auto to be released by Q4:12 at the latest, as the company's contracts with the three employees most instrumental in the game's development [Les Benzies, Sam and Dan Houser] expire in January 2012
— Michael Pachter on GTA V
In 2009, Pachter predicted that development of the game was likely to be concluded in 2010.