Take-Two details GTA V Online, will monetize via virtual currency

|About: Take-Two Interactive Softwa... (TTWO)|By:, SA News Editor

Less than a week after Grand Theft Auto V raced to $1B in retail sales within three days, Take-Two's (TTWO) Rockstar Games unit has provided details about Grand Theft Auto Online, the online world that will be available next week to buyers of the latest update to the edgy franchise.

Grand Theft Auto Online will be free to GTA V buyers, but (in the spirit of the times) will be monetized via virtual currency/goods purchases. Rockstar: "You don’t have to spend real money to attain the cars, guns, clothes, flash and style of a high-roller in [the fictional city of] Los Santos, but can if you wish to get them a little quicker."

A multiplayer mode allows up to 16 users can play together at a time. In addition to races, jobs, and "open-world crime and chaos," users will also be able to partake in tennis, golf, and base jumping, "all for cash and reputation."

Thanks to the strong early reception for Grand Theft Auto V, Take-Two's Sep. quarter EPS consensus has risen to $1.42 from $1.35. Can Grand Theft Auto Online provide a lift to future quarters?