The videogame industry is ready to put on its own awards show.

The three major console makers, Sony, Microsoft and Nintendo, and the largest publishers that produce games for the systems, have paired up to back “The Game Awards,” with the first event set to take place Dec. 5, from the Axis Theater in Las Vegas.

The show, which will be streamed live across all gaming systems and devices, is a direct challenge to Spike’s “VGX,” formerly “The Video Game Awards,” which was essentially a television promotional platform for upcoming releases during the peak holiday shopping season.

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