Nice try, Spotify

[The beef 675] [I'm an image] “Something tells me Taylor Swift was behind all of this.” - Jeff Hey there carnivores, Markets started Q2 a lot like they ended Q1. The Dow had its worst start to a Q2… ever. Today we’re talking about Spotify and Warner Music finally playing nice in the sandbox. And ICYMI yesterday... We’ve put together a stimulus package for readers of The Beef ONLY. All month we’ll be dropping $5 flash deals for some of our best products. You’ll have a chance to get your hands on trading products that usually cost hundreds and thousands of dollars for just FIVE BUCKS. Keep an eye out for deals coming in hot all month. Keep raging, Jeff & Jason [Image] [I'm an image] Agree to re-agree Spotify and music label Warner Music Group announced that the two came to a deal yesterday, and [have agreed]( to a new global licensing agreement after a year-long battle surrounding Spotify’s expansion into India. No financial details were disclosed by either firm but the agreement will allow listeners in India to jam out to Cardi B while they shelter-at-home during the coronavirus epidemic. You can’t do that Things have gotten pretty ugly between the Swedish streaming-service and the globe’s third-largest music label. The two companies couldn’t come to an agreement on terms for expanding into India, so Spotify did what any powerhouse-in-its-industry would do and just went ahead and did what it damn well pleased, citing an obscure provision in India’s copyright law to operate. Warner filed an official injunction, and yada yada yada, 5 months later, here we are. Coronavirus really is bringing us together. The big issue revolves around what Spotify is paying licensors (read: music labels) to effectively “sell their music” (read: allow me to use my ex’s Spotify account). In countries like India, Spotify attempts to sell its services for cheaper than it would in a developed country like the United States and, as such, looks to short change record labels. Spotify out here abiding by the [Columbia House business model.]( But the drama wasn't in a vacuum. It appears that the disagreement was as much about setting the stage for future expansion as it was about India itself. The bottom line... And the record companies don’t just have to battle other labels for the fractions of a penny... The media du jour is podcasts, and Spotify has gone all in. For music labels that means that their cut of the $9.99 Spotify charges users each month could [dwindle]( as podcasts become more successful (and if Spotify's negotiating skills are up to snuff). And as anyone with a coworker that loves true crime will tell you, there’s no shortage of successful podcasts. $SPOT looks to effectively double-dip on customers and offer more content, and pay music labels less as it builds out its own content library full of original podcasts. Who knew listening to strangers talk would be such a draw? [Image] The Dow Just Had Its Worst Quarter Ever. Meanwhile, Kyle Dennis Managed To Wrestle Down $477K In Trading Profits. [I'm an image]( He Didn’t Do It By Shorting Stocks... Instead, Kyle Tapped Into A Hidden Bull Market. He’s Never Made So Much Money... So Fast. And Now He Wants To Help You Unlock It Too. [Watch Now]( [I'm an image] ☑️No more lifelines. SoftBank is [bailing]( on its $3B lifeline to WeWork, which was due to be made official today. It’s still on the hook for the $5B in debt to help give WeWork some (We)working capital, but that’s it. That’s it. Just $5B dollars. Poor WeWork. The biggest loser, believe it or not, is former CEO Adam Neumann. And it’s not because of his sh*tty haircut. Neumann planned to tender a large portion of his stock to WeWork, which would have netted him a cool $1B. Looks like those employees and investors with all their worthless stock options got a little something after all. ☑️Slow start. US markets started the new quarter on the same note they ended the last one. That note is whatever the bad note is... I’m not a musician. All three indices [dropped]( 4.4% on the day, marking a loss of at least a quarter of their respective values on the year. Coming off its worst quarter since 1987, The Dow saw the worst first day of a quarter ever. The S&P and Nasdaq fared equally as badly. The free-fall came after President Trump, Wednesday, raised fears about further coronavirus devastation in the US. Wait, not everybody has been at threat level midnight since this whole thing started? Lucky. ☑️Fore! a cause. Tiger Woods and Phil Mickelson are [facing off]( to raise money for coronavirus relief efforts... only this time they won’t be alone. Mickelson and Woods will be joined by Tom Brady and Peyton Manning for a once in a lifetime crossover event you didn’t ask for but are sure as hell thankful for. The match is being organized by AT&T and the PGA Tour, and will likely happen in May. It will occur at an undisclosed location (presumably a golf course), and fans won’t be in attendance. The players will also all remain 6 feet apart the entire time. I’d hope so, we can’t afford to lose those national treasures at a time like this. The last time Tiger and Lefty squared off in a one on one match, it was a winner take all game with a $9M prize pool, most of which went to charity. While some of it probably went to paying off Phil’s gambling debts. ☑️You’re out! Outspoken CEO of T-Mobile, John Legere, is [officially out]( as CEO. As the company completed its merger with Sprint on Wednesday, it was announced that Legere would be leaving his post, effective immediately, instead of on the originally scheduled May 1st departure date. President and COO Mike Sievert will replace Legere as head honcho. Legere made some serious moves as the head of T-Mobile. For starters, he went at the necks of his competition, namely Verizon, on Twitter. A lesson from the Musk School of Management. He also pioneered the company’s unlimited wireless plan, forcing the hand of his aforementioned competition to do the same. Legere was also the man who brought the iPhone to T-Mobile. Imagine what a different article this would be if he signed an exclusive deal with Android devices. 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. 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