Rockstar Games' Grand Theft Auto V will be revealed the day before E3 2012 and will hit stores on October 23, according to Wedbush analyst Michael Pachter.

"They've outgrown the show," said Pachter in the latest edition of Pach-Attack. "I think they're way too cool to go."

He added: "My read on those guys is they like stealing the thunder from everything else. So if I had to bet, I'd say you'd get an announcement on GTA 5 the day before E3 starts, that'd be Monday, June 4."

But with such a packed holiday season where does GTA 5 fit into the release schedule? According to Pachter, Rockstar will move in on the turf of 2K's BioShock Infinite and appear in stores on October 23. Pachter says Rockstar simply doesn't "care about the 2K game".

We can't see Take-Two allowing two of its biggest franchises going head-to-head so Pachter's October 23 release date seems unlikely.

Via VG247