It's been "indicated" to Kaufman Bros. Equity Research analyst Todd Mitchell that there will be two more GTA IV DLC episodes that are coming out next year, so he said to GamesIndustry. The platforms aren't exactly sure yet, but it's possible that it might come out for both the Xbox 360 and the PlayStation 3.

 

"I would expect there would be two more pieces of downloadable content for GTA IV (Xbox 360, PS3), that's what  has been indicated to me, although formats are unsure," he said. "It's been indicated to me that would be the case."

Apart from that, he is also of the belief that a Part 5 will be coming to join the franchise sometime in the 2011 fiscal year, as well as a possible new GTA title for the PS2 as early as next year.

Coming out of E3 there was no commitment to a new Grand Theft Auto, and I think that's because of Rockstar's track record with delivering on time. Of the three, I'm least confident in saying for sure that there will be a new GTA for PlayStation 2, but the track record shows that the PSP titles have been repositioned [on PS2].

But then again, Mitchell is also of the opinion that even without a new GTA title, Rockstar is already in good enough standing to be all set for the fiscal year of 2010.

What we're saying is Take-Two is now becoming a proper company rather a one hit wonder. After GTA V in 2011, they can come back with more franchises and not be forced to rely on that every year.

Now that this shoe has dropped, and a case can be made for solid profitability in fiscal 2010 without GTA V, and the follow-on higher earnings in fiscal 2011 with a GTA V release, we believe the investment case for Take-Two has improved and investors can begin to get more constructive with the name.

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Related Rockstar/ Take-Two Articles:

• Rockstar announces second Grand Theft Auto IV DLC and standalone GTA 4 episode collection
• Finally the PSP gets a new GTA; Chinatown Wars PSP announced