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GTA V development 'making great progress'

But Take-Two still mum on a release

Take-Two assured investors in a financials call today that development of Grand Theft Auto V is "making great progress", despite staying well away from determining a window of release.

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Analysts expect Grand Theft Auto 5 to launch in Take-Two's upcoming financial year - ending March 31, 2013 - despite an increasingly crowded release schedule for the publisher, but the firm chose not to address talks of a release date during today's call.

"Grand Theft Auto V is making great process," said T2 boss Strauss Zelnick.

Without going into specifics, Zelnick offered assurance the the game "promises to continue Rockstar's incredible track record of delighting fans by raising the bar in interactive entertainment".

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