Take-Two expects big revenue jump due to GTA 5

Rockstar Games' parent company Take-Two is hoping for a huge increase in revenue this financial year due to the launch of Grand Theft Auto 5.

The firm is expecting to rake in around $1.75-$1.85billion USD this year, up 50% from last year's figures.

65% of that expected revenue will come from GTA 5 sales, with the remaining money coming from releases under its 2K Games and 2K Sports labels.

"Looking ahead, we have an extensive pipeline of next-generation and emerging platform titles in development, including both new intellectual property and releases from our proven franchises," said Take-Two CEO Strauss Zelnick.

"As a result, our current outlook is to be profitable on a non-GAAP basis in fiscal 2015 and for the foreseeable future."

GTA 5 has been given a release date of 17 September 2013. Click here to check out the latest trailers.