Sony has announced they’ve sold off their stake in popular fighting game tournament Evolution Championship Series (EVO) to NODWIN Gaming.

To be clear, Sony isn’t backing away from EVO entirely as NODWIN Gaming is also backed by Sony proper, who have co-owned the tournament series alongside Endeavor holding company’s RTS subsidiary since 2021.

“When SIE acquired Evo alongside RTS in 2021, our goal was to help the Evo community grow and spotlight the skills and passion of fighting game fans on a global stage,” said Phil Rosenberg, SVP and Head of Global Partner Development & Relations at SIE in a press release. “As SIE transitions to become an Evo sponsor, the momentum for Evo has never been stronger, following a successful Las Vegas event and upcoming expansion to new regions. We look forward to supporting the continued growth of Evo globally.”

NODWIN Gaming co-founder and managing director Akshat Rathee added, “Evo was built by a team whose authenticity and passion for the fighting game community are unmatched. We will continue SIE’s great work and honor the legacy of everyone who has made it what it is today, while opening the door for a new generation to experience the spirit of Evo.”

Qiddiya, who became a global partner for Evo in 2024, also announced they’re investing in RTS and will extend their global partnership with EVO through 2027.

“Teaming up with Qiddiya strengthens the future of RTS and what we’re building with Evo, an event that lives up to its name by driving real transformation in the fighting game community through new opportunities, deeper connections, and meaningful growth,” said Stuart Saw, CEO of RTS.