LOS ANGELES (CBSLA.com) — Hundreds of people lined up Monday morning outside The Galen Center for Microsoft’s Xbox briefing for E3, the video game industry’s annual conference.

Microsoft kicked off the event with new footage from its latest franchise game, “Halo 5: Guardians.” The game is coming out Oct. 27 and features a multiplayer zone with up to 24 live players and maps four times the size of previous versions.

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Executives also got a whoop from the hundreds of bloggers, journalists and gamers in attendance at The Galen Center in Los Angeles 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.

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The company also unveiled a new controller called the Xbox Elite with customizable buttons.

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