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"Grand Theft Auto 5 is making progress but is still without a release date, according to publisher Take Two. Speaking with investors during the firm&amp;#039;s 2013 first fiscal quarter earnings report, company president Strauss Zelnick avoided direct answers when asked about the Grand Theft Auto sequel.  &amp;quot;We haven&amp;#039;t talked about a release date, so we can&amp;#039;t talk about the credibility of a release date we haven&amp;#039;t announced,&amp;quot; Zelnick said when asked about a rumored release date. Zelnick added that Grand Theft Auto 5 is &amp;quot;in full development and showing substantial progress&amp;quot;. The quarterly financial report still lists the title as TBA, indicating a release date &amp;quot;to be announced&amp;quot;. Investors are eager for a Grand Theft Auto 5 announcement after lower than expected sales of both Max Payne 3 and Spec Ops: The Line. As a result, the publisher experienced $226.1 million in net revenue compared to $334.4 million for the same period last year. It also saw a $110.8 million loss compared to an $8.6 million loss for the same quarter in 2012.  Take Two is still hopeful for its next quarter, reporting that Borderlands 2 is the third most pre-ordered game in the publisher&amp;#039;s history, behind only Grand Theft Auto 4 and Grand Theft Auto: San Andreas. Watch the trailer for Grand Theft Auto 5 below:  "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/gaming/grand-theft-auto/news/a396556/grand-theft-auto-5-release-date-still-undecided-says-take-two/>