Big-ticket

[The beef 675] [I'm an image] “Live Nation is the Sallie Mae of the entertainment space.” - Jeff [Read The Beef Online - Click Here]( Hey there carnivores, Markets rose slightly on Friday following news of a phase 1 trade deal. Today we’re discussing Live Nation’s (alleged) sketchy practices. Keep raging, Jeff & Jason [Image] [I'm an image] Big-ticket Have you ever wondered why ticket prices [are too damn high](?! Well, you’re not the only one. The Department of Justice [is launching an investigation]( into Live Nation, alleging that the company is strong-arming venues into using Ticketmaster, which it owns, as a platform to sell tickets. The accusations seem to have merit considering Chief Executive Michael Rapino said at a conference in September that it doesn’t make economic sense for Live Nation to book events at venues that don’t use Ticketmaster. Live Nation's "vertical integration" sounds a lot like "monopoly" to me. Tell me something I don't know... Live Nation is a concert promotion company complete with talent management and venue ownership that merged with Ticketmaster in 2010. The DOJ [only approved]( the deal under the condition that the newly formed company would keep ticket prices fair. With great concerts comes great responsibility. Since the company owns the venues, manages the talent, and sells the tickets it’s easy to manipulate the prices throughout the process. Allegedly. It is pretty obvious to anyone who tries to go to a live event outside of East Bumf*ck, Ohio that ticket prices are rising. In fact, the average ticket price has [increased by 50%]( since 2009 to $92.42 according to a survey performed by Pollster for the top 100 recording artists. Hence the investigation. The bottom line... It’s hard to see how Live Nation and Ticketmaster make it out of this unscathed. And investors agree. Live Nation’s stock dropped 7% on Friday. Those who haven’t sold yet are outside the NYSE with “Need Tickets?” written in Sharpie on a cardboard box. For all of us Jonas Brothers’ fanboys out there, the problem certainly won’t be solved overnight as a major issue remains... go ahead and name another company to buy tickets from (excluding StubHub and the other re-sale markets). I'll wait... [I'm an image] You down with JBP? [Jason’s premiere service]( is all about crushing the market… not just beating it. He’s out here minting more millionaires than Publishers Clearing House, FFS. So WTF are you waiting for? Learn his strategy, get access to his trades … and pick his brain during his live trading sessions. You can get it all now. [I WANT THIS UNPRECEDENTED ACCESS]( [I'm an image] ☑️ Under new management. The crew over at 30 Rock can expect a change next year as NBCUniversal CEO Steve Burke plans [to leave]( his role by August. Burke is also an SVP at Comcast, NBCUniversal’s parent, where he's been for more than 20 years. Universal film-and-entertainment lead Jeff Shell is the favorite replace him. If only we could all leave Comcast that easily. ☑️ Card declined. Logistics startup Turvo's new CEO wants to remind his employees that expensing trips to the jiggle joint is against company policy. The company has subsequently fallen from the top places to work list. Former CEO and co-founder Eric Gilmore [learned that]( the hard way when he was fired earlier this year for expensing $76,120 in gentlemen's club tabs over three years. He turned around and countersued the firm for not following protocol regarding his termination. And did he not once think "that's somebody's daughter?" ☑️ A real Deutsche move. Deutsche Bank employees better save up for holiday gifts next year. The bank announced on Friday that it was considering [cutting "discretionary spending"]( (read: the bonus pool) in an effort by CEO Christian Sewing to reduce costs while retaining talent. Those cuts could be as high as 20%. At least you can still tell people you work for Deutsche Bank... ☑️ If you can't beat 'em, buy 'em. Delivery Hero, one of Europe's largest deliverers of fast food, or whatever they eat over there, is buying out South Korean rival Woowa Brothers for a [cool $4B](. Competition in Europe continues to heat up, so the next logical step for Delivery Hero is to expand in an upstart Asian market. Now, all that's left to figure out is whether or not you can order fresh kimchi from Seoul to your London flat. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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