Pre-loads are also now available for this next-gen release.
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Rockstar Games says that pre-loads for the next-gen release of Grand Theft Auto V and GTA Online are now available for the PlayStation 5 and the Xbox Series X|S. This release will happen one week from today on March 15, 2022. Here is what you can expect from that release along with details on the pricing for these releases.

If you are a PlayStation 5 owner, you will be able to get both GTA 5 and GTA Online for $9.99 (USD) for the first three months after launch. On Xbox, that price is going to be $19.99 for the first three months. These prices will then go up to $39.99 starting on June 15. There will be no free upgrades for any platform.

In fact, while PlayStation 5 users will get free access to GTA Online, Xbox users will not. GTA Online, on its own, will run Xbox owners $9.99. I suppose that $10 difference between the complete bundles on the two platforms makes a bit more sense now.

There is no "upgrade" path for any platform in the traditional sense. You're just buying the games again at reduced cost on these new platforms, if you so desire. If you pre-purchase the PS5 or Series X|S release, you can start downloading straight away so you are ready for that March 15 unlock.

The PS5 and Xbox Series X|S releases will include 4K resolutions at up to 60FPS. There will also be better texture work, HDR options, ray tracing support, faster load times, 3D audio, and platform-specific features like DualSense support on the PS5.

Those who make the leap from old-gen to new-gen will be able to transfer your Story Mode progress. You'll have to upload your save to the Rockstar Social Club. GTA Online migrations are also easily done. Those who transfer their progress will also get a Karin S95, Hao's Special Work Racing Outfit, and a set of Chameleon paints usable on all vehicles.