Warner Music Finland CEO Ramona Forsström. Photo Credit: WMG

Warner Music Finland unveiled the IP buyout today, less than one month after Skorpioni it would cease operating. Founded in 2017, the Helsinki-based label built a roster featuring ibe, Turisti, Nelma U, and Sliki & Hamuelos, to name a few.

Now, these and other professionals’ “numerous critically acclaimed and widely beloved releases” are officially part of Warner Music Finland, which also looks to have welcomed a portion of the involved artists to its roster.

While the appropriate parties opted against publicly disclosing the sale’s financials, Warner Music Finland head Ramona Forsström took the opportunity to tout Skorpioni as “a trendsetter in Finnish music.”

“Skorpioni has been a trendsetter in Finnish music – brave, visual, loud, and heartfelt,” said the longtime Warner Music exec Forsström. “It is a great honor to take responsibility for such an influential catalog. We’re committed to ensuring that its music lives and grows with new generations.”

Meanwhile, Skorpioni expressed the belief that the catalog “will be in good hands at” the major.

“Skorpioni has always been more than just a brand – it has been a vision and a love for music,” the label relayed. “When the decision was made to close down, it was absolutely desired that the songs would live on. We wanted a home for the catalog that understands its significance and value. We trust that our catalog will be in good hands at Warner Music in the future.”

Bigger picture, Warner Music is certainly positioned to buy additional IP moving forward; on Tuesday, the company revealed a $1.2 billion catalog JV with Bain Capital. But the initially mentioned busy week hasn’t been free of less-than-positive developments for WMG, which set in motion another round of far-reaching layoffs as well.

Despite the many song-rights deals that have already wrapped – DMN Pro’s Music IP Acquisition Tracker has compiled the massive stack of transactions – investors apparently have yet to sour on the asset class. Recent months have delivered a number of plays in the catalog arena, with different high-profile purchases reportedly forthcoming.

Also worth noting is the evidently ongoing trend of indie consolidation. 2025’s opening half saw more than a few independent labels sell, with Dome Records, Monstercat, !K7, Mack Avenue, and many others having found new owners.