UPDATE 3/6, 5:04 p.m. ET: SXSW has been canceled due to concerns over the coronavirus. It's the first time in 34 year the annual event has not taken place in March. In a statement that was released, SXSW said that they "are exploring options to reschedule."

Read their statement on the cancelation below. 

The City of Austin has cancelled the March dates for SXSW and SXSW EDU. SXSW will faithfully follow the City’s directions.

We are devastated to share this news with you. “The show must go on” is in our DNA, and this is the first time in 34 years that the March event will not take place. We are now working through the ramifications of this unprecedented situation.

As recently as Wednesday, Austin Public Health stated that “there’s no evidence that closing SXSW or any other gatherings will make the community safer.” However, this situation evolved rapidly, and we honor and respect the City of Austin’s decision. We are committed to do our part to help protect our staff, attendees, and fellow Austinites.

We are exploring options to reschedule the event and are working to provide a virtual SXSW online experience as soon as possible for 2020 participants, starting with SXSW EDU. For our registrants, clients, and participants we will be in touch as soon as possible and will publish an FAQ.

We understand the gravity of the situation for all the creatives who utilize SXSW to accelerate their careers; for the global businesses; and for Austin and the hundreds of small businesses – venues, theatres, vendors, production companies, service industry staff, and other partners that rely so heavily on the increased business that SXSW attracts.

We will continue to work hard to bring you the unique events you love. Though it’s true that our March 2020 event will no longer take place in the way that we intended, we continue to strive toward our purpose – helping creative people achieve their goals.

On Wednesday, Netflix announced that they will not be attending SXSW over coronavirus concerns, Variety reports

The streaming giant has canceled screenings for five films and a panel on their upcoming series Black Excellence with Kenya Barris and Rashida Jones.

Netflix isn't the only company that has pulled out of the conference. Apple, Amazon StudiosTwitter, TikTok, and Facebook also won't attend this year's event. Apple TV+ was set to premiere the doc "Beastie Boys Story" from Spike Jonze, their docuseries Home, and an animated musical comedy series titled Central ParkKumail Nanjiani and Emily V. Gordon were also scheduled to talk about the anthology series Little America

"While we think the risk is relatively low, we are erring on the side of caution as we prioritize safety for our team, creators, partners, artists, and brands," a spokesperson for TikTok said, per CNET. "We are looking at a variety of alternative ways to bring parts of the previously scheduled experience to audiences in creative new forms."

Amazon Studios said they "will be cancelling all activities including the Blue Room Photo/Video Studio over the weekend and the Entertainment Weekly party on Sat evening."

SXSW is scheduled to take place in Austin, Texas from Friday, March 13 to Sunday, March 22.

Also on Wednesday, Texas' Fort Bend County health officials announced that a 70-year-old man has become the "first presumptive positive case of COVID-19" in the state. The samples from the man are being sent to the CDC for confirmation. The patient, who recently traveled out of the country, is reportedly in stable condition. 

Austin officials gave an update on the coronavirus situation in Travis County during a Wed. press conference. Austin Public Health's interim medical director Dr. Mark Escott informed residents that SXSW will still go on as planned.

"Right now, there is no evidence that closing South by Southwest or other activities is going to make this community safer. We are constantly monitoring that situation," Escott said. "We’ve asked this group to evaluate that, and if there’s any evidence that our community will be safer by closing down public events, we’ll do that."

Escot also said that they have "had persons investigated across the state for the past six weeks, and none of those individuals have tested positive for COVID-19."

This post will be updated.