After nearly ten years since Red Dead Redemption launched on Xbox 360 and PlayStation 3, GTA series developer Rockstar has finally revealed that development is 'well underway'.

In a statement at the time, Rockstar acknowledged calls from fans for updates on GTA6 and said that the silence was a result of the company's desire to significantly advance the project from previous efforts.

Rockstar has once more reiterated its ambitions for the next Grand Theft Auto with a new post announcing the end of major updates in Red Dead Online.

We have steadily shifted development resources towards the next Grand Theft Auto entry for the past few years, recognizing more than ever the need to exceed players' expectations and ensure that the next entry is the best,” said Capcom.

One analyst has suggested that Take-Two may have implied in its January financial guidance that Grand Theft Auto 6 would be released by March 2024, according to reports.

The Cowen analyst said the guidance suggests consumer spending of $9 billion in FY24, which points towards GTA 6's launch.

Rockstar insiders have in the past accurately leaked information about their games, claiming that remasters of GTA IV and Red Dead Redemption 'were on the table a few years ago' but are no longer in the works.

The claims were later backed up by Kotaku. The report cited sources with knowledge of Rockstar's plans as saying the studio has temporarily halted work on the remasters so it can concentrate on GTA 6.

The executive explained that Take-Two previously hinted at releasing Grand Theft Auto V by 2012 or early 2013, before pointing to a delay when it lowered its guidance.

Rockstar has increasingly focused on employee wellbeing following criticism of its alleged crunch culture, according to industry insider Tom Henderson last July.

According to Bloomberg journalist Jason Schreier as well as VGC's sources, the claims he made were true.