'Street Fighter V' Release Date
"Street Fighter V" will be available for the PS4 and PC on Feb. 16. Capcom

Capcom provided an update on what modes fans can expect from "Street Fighter V," available for the PS4 and PC, when it is released Tuesday. While the latest entry in the iconic fighting game series will include several modes and an online component when it launches, a few gameplay features will not be available until March.

After fans get their hands on "Street Fighter V," they are most likely to dive into the Story mode for each character. Players will learn more about each fighter, their motiviations and background. This mode also includes an unlockable costume, but fans won't be able to purchase their prize until March when the in-game store is launched. The Challenge mode, featuring battle tips, trials and daily goals, will also be included in the March update. The challenge mode includes ways for players to earn in-game "fight money" that can spent on new characters.

For the online mode, the March update includes eight-person lobby support and a Spectator mode to watch matches. Some fans are concerned over the lack of features based on the $60 price for "SFV."

Capcom previously announced "Street Fighter V" would include a tutorial, Character Story Mode, Survival Mode, Training Mode, Network Battle and the Capcom Fighters Network when it's released Tuesday. A free Cinematic Story Expansion would be released in June. The new mode would cover the period between "Street Fighter III" and "Street Fighter IV" with plenty of M. Bison.

There will be 16 characters available at launch. Alex will be the first character players will have a chance to download next month. New characters will be available each month through September except for June when the Cinematic Story Expansion is released. Guile, Ibuki, Balrog, Juri and Urien are the additional characters that will be released throughout the year. Players can earn fight money playing "SFV" or can pay $29.99 for a 2016 Season Pass to acquire the six character, premium costumes and a PS4 theme.