Rockstar Games has finally released the new update for "Grand Theft Auto Online" called Executives and Other Criminals.

In the new "GTA Online" update, several new gameplay modes as well as opportunities to live the high life were added. The update also brings the option to come up with personalized apartments and stilt houses in the prestigious Vinewood Hills, as well as the opportunity to own the lavish Super Yacht complete with well-appointed comforts and highly skilled staff.

Rockstar made the announcement about the Executives and Other Criminals update on the Rockstar Newswire website.

One of the latest additions featured in the new update is the new cooperative gameplay that allows players to develop their own criminal enterprise and gather other players to complete their own team of bodyguards. Part of the perks of being a bodyguard in a criminal enterprise is getting a regular paycheck in the form of in-game currency as well as other special benefits.

Meanwhile, those who will be in charge of the criminal enterprise operation will get new co-op jobs and tasks as well as added special abilities that they can use in Freemode.

The criminal organizations can also battle one another in Freemode, where they can take advantage of using the newest executive defense options in the new missions. Some of the latest new executive defense options include a new line of armored vehicle variants, the shattering Turreted Limo, as well as the impressive missile defense systems featured on the Super Yacht.

The extremely extravagant yacht also has a built-in line of supporting vehicle upgrades that comes with the brand-new SuperVolito Carbon helicopter as well as a personal watercraft.

The Executives and Other Criminals update will be available for download for free starting Dec. 15, for the PlayStation 4, Xbox One, and PC editions.