Sony Interactive Entertainment (SIE) has sold its co-ownership stake in the Evolution Championship Series (Evo) to India-based NODWIN Gaming. RTS remains a co-owner, supported by fresh investment from Saudi Arabia’s Qiddiya, which has extended its Evo partnership through 2027.
Sony, which first acquired its share of Evo alongside RTS in 2021, will now continue its involvement as a global sponsor through 2028, while supporting the fighting game community (FGC) via PlayStation Tournaments.
In a press release, NODWIN Co-Founder and Managing Director Akshat Rathee said the company would “continue SIE’s great work and honour the legacy” of Evo, while RTS CEO Stuart Saw described Qiddiya’s backing as strengthening “the future of RTS and what we’re building with Evo.”
The change in Evo’s ownership comes as NODWIN pursues broader expansion. The company recently partnered with Sony LIV, which secured Hindi and English language media rights for select matches of the Esports World Cup 2025. Meanwhile, parent company Nazara Technologies announced it will no longer retain majority control of NODWIN as the subsidiary seeks fresh capital from existing investors.
Evo has reported record attendance in recent years, with its 2025 Las Vegas event drawing competitors from over 60 countries while its festival space featured activations from brands including Chipotle, AT&T, Qiddiya, Red Bull, Under Armour and others. The tournament will debut in Europe this October in Nice, France, ahead of planned expansion to Singapore in 2027.
