New York (CNN Business) E3, America's biggest video game conference, has been canceled because of coronavirus concerns, its organizers announced Wednesday.

"After careful consultation with our member companies regarding the health and safety of everyone in our industry...we have made the difficult decision to cancel E3 2020," the Entertainment Software Association said in a press release. "Following increased and overwhelming concerns about the COVID-19 virus, we felt this was the best way to proceed during such an unprecedented global situation."

The association said it would reach out to attendees about full refunds for the show, which was scheduled for June, and it will work on providing an online method to share industry announcements.

E3, which stands for the Electronic Entertainment Expo, has been held in Los Angeles since 1995, after gaming companies wanted their own space outside of the tech industry's Consumer Electronics Show (CES).

E3 has always been an important moment for Team Xbox. Given this decision, this year we'll celebrate the next generation of gaming with the @Xbox community and all who love to play via an Xbox digital event. Details on timing and more in the coming weeks https://t.co/xckMKBPf9h — Phil Spencer (@XboxP3) March 11, 2020

Microsoft MSFT Gaming companies, including, Bethesda, Capcom and more, attend E3 each year to tease upcoming releases and sometimes new hardware.

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