06/15/2015 13:53 EDT | Updated 06/15/2016 01:12 EDT

The Latest: Microsoft says Xbox One getting backward compatibility with Xbox 360

10:15 a.m. PTMicrosoft made attendees part of the show during its E3 presentation in Los Angeles on Monday, illuminating the neck-band each person had to wear to gain admittance.The devices gave the appearance of a wave of lights rotating through the The Galen Center arena, nestled amid the campus of the University of Southern California.___10 a.m. PTMicrosoft kicked off its E3 game industry conference with new footage from its latest franchise game, "Halo 5: Guardians," which will come out on Oct. 27 and features a multiplayer zone with up to 24 live players and maps four times the size of previous versions.Executives also got a whoop from the hundreds of bloggers, journalists and gamers in attendance at The Galen Center when they announced the Xbox One console will have backward-compatibility with Xbox 360 games. Discs from the previous Xbox console can simply be inserted, downloaded to the hard drive and played on the newer console.In a shot at how Sony's PlayStation allows for playing older platform games with a subscription, Xbox executive Mike Ybarra told attendees, "We won't charge you to play the games you already own."The company also unveiled a new controller called the Xbox Elite with customizable buttons.___8:50 a.m. PTDoors open, and hundreds of people lined up outside are let into The Galen Center in Los Angeles for Microsoft's Xbox briefing for E3, the video game industry's annual conference.Microsoft is expected to promote the latest game in its "Halo" franchise as well as give another glimpse of its augmented reality headset, HoloLens.Bloggers, gamers and journalists, many wearing the black and green colours of Xbox, stream into the arena on the campus of the University of Southern California. Inside, music is blaring in the darkened space covered in Xbox logos while green spotlights sweep the crowd.