9 Most Important E3 Announcements From Day One

Updated from 8:37 a.m. to include additional information regarding HoloLens in the fifth paragraph.

NEW YORK (TheStreet) -- What's old is new again.

The 2015 Electronic Entertainment Expo (E3) kicked off Monday in Los Angeles, and the first day more than lived up to the hype. Media gatherings brought press from all over the world to downtown L.A. with announcements from Sony (SNE), Electronic Art's (EA) newest lineup of games. However, none of that could match the fervor of Microsoft (MSFT) and its Xbox One console, which is bringing retro back.

At the event, Microsoft (MSFT) made several notable announcement, the biggest being that Xbox One, its new console, will now offer backwards compatibility.

Now, Xbox gamers no longer have to see their old Xbox 360 games sitting there collecting dust. Beginning this holiday season, they can now play them on their Xbox One consoles. At the press conference, Microsoft said 100 games would come initially, with more to come as time rolls on.

Microsoft also unveiled that it's bolstering the offerings for HoloLens, its augmented reality headset. The software giant unveiled a version of Minecraft, which it purchased for $2.5 billion in late 2014, for HoloLens, allowing users to build their worlds using Microsoft's hardware. Microsoft said more information would be coming at its Minecraft conference, Minecon, slated for July 4.

In addition, Microsoft unveiled several new games, including the latest in its hit Halo franchise, Halo 5 and Fallout 4, which will be both available this holiday season. There was also the unveiling of Recore, a new franchise available exclusively for Xbox One.


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