GTA 5 on PS4 and Xbox One Not Happening

Update: GTA V on the Xbox One, Playstation 4 and PC has now been officially announced!

If you are looking for a "GTA 5 on PS4 and Xbox One" announcement any time soon then you're out of luck. It's not happening.

Speaking recently to MCVUK, Strauss Zelnick, CEO of Rockstar Games parent company Take-Two, had this to say:

The installed base of current generation consoles is estimated to be in excess of 120 million, and most of those consumers have been waiting for Grand Theft Auto V for years. Therefore, we expect there to be enormous consumer demand for Grand Theft Auto V regardless of when the next-generation consoles are released.

Sounds like he doesn't feel any need to start looking at releasing GTA V on the PS4 and X1 in the near future... Also weighing in on the next-gen issue is Rockstar Games co-founder, Dan Houser himself. Speaking to IGN recently, Houser had this to say:

We don't feel there are that many limitations in the Xbox 360. We feel we can do some very impressive stuff and do it for a large audience.

Houser also said that given the massive install base that current-gen consoles have, it makes sense to concentrate on them (echoing the sentiments of Zelnick).

There'll be a much larger audience on PS3 than there will be on PS4. At a creative level, which is the most important for us, we could say everything we wanted to say and do everything we wanted to do on these PS3 and Xbox 360 machines... There's plenty of power in these machines.