Priceline.com Inc. (PCLN), which was recently added to the S&P 500, is scheduled to discuss its third-quarter 2009 financial results in a conference call Monday, November 9, at 4:30 PM ET. You can catch the live webcast of the call on the company's website.

During the three months that ended in September, Priceline announced a partnership with Ticketmaster (TKTM) and launched a rewards Visa card. Analysts surveyed by Thomson Reuters expect this leading online travel services provider to report that earnings for that period jumped 18.2% from a year ago to $2.92 per share. And revenue for the quarter is expected to be 23.6% higher to $693.9 million.

Live Nation (NYSE: LYV), a producer of live concerts, closed at $7.19. LYV is expected to report Q3 EPS soon. LYV and Ticket master (NASDAQ: TKTM) announced a merger of equals in February 2009. Antitrust regulators have been reviewing the merger. LYV November option implied volatility is at 73, December is at 70; verses its 26-week average of 79, according to Track Data, suggesting decreasing price movement.

Ticket master closed at $10.59. TKTM November option implied volatility is at 66, December is at 63; verses its 26-week average of 73, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

It appears that the options market is now making its way into sports, thanks to a company called OptionIt. As we head into the National Hockey League (NHL) season, San Jose Sharks fans can reserve an option to buy postseason tickets.

The Sharks will serve as one of the company's key test markets, along with the Buffalo Bills, Baltimore Ravens, and St. Louis Rams (at least it appears this way according to the company's website) and it hopes to have 10 teams in the fold by the end of the year. With San Jose (a perennial preseason playoff favorite) as a test market, I envision success for OptionIt.

I thought I'd take a look at two companies that reported earnings earlier in the week that share a couple things in common. First, they deal with music. Second, their prospects have been defined, in part, by the surge of Apple's (NASDAQ: AAPL) iPod/iTunes zeitgeist.

Let's begin with Warner Music Group (NYSE: WMG). According to Reuters, Warner Music Group lost 25 cents per share from continuing businesses in Q3. Analysts wanted to see a loss of only 16 cents per share. In last year's Q3, the company lost 6 cents per share. Not a good trend. Warner Music Group's management unfortunately fails to impress.

Live Nation (NYSE: LYV), a promoter of concerts and merchandise, took the stage on Thursday and played the entire set of its latest earnings numbers for Wall Street's rock fans. Unfortunately, some of the musical metrics were completely off-key.

For the first quarter, Live Nation said that revenues dipped by over 6%. Currency translations affected the top line, so if you strip them out, you get an increase of nearly 3%. The loss from continuing operations expanded by an earsplitting 40% to $1.29 per share. According to this news article, analysts were looking for a loss of only $0.82 per share.

With a potential playoff position looming for my Columbus Blue Jackets, I have been looking into the possibility of purchasing tickets online. I don't live in Columbus, and I can't take the time to go and camp out in front of the arena for tickets the night before - so I am willing to suck it up and actually pay the service fees that *gulp* Ticketmaster (NASDAQ: TKTM) charges. Of course, I guess I could suck it up like so many Leonard Cohen fans did and try to get the tickets through a ticket broker (and pay a ton of money), right?

Ticketmaster (NASDAQ: TKTM) finds itself on the end of new allegations that it is fleecing customers, thanks to a Leonard Cohen show -- yes, Leonard Cohen. Back in February, the company announced a merger with Live Nation in a $2.5 billion deal to create the nation's largest ticket provider. This deal prompted quite a bit of speculation on monopolies, along with some disdain for the involved companies.

It seemed that Ticketmaster had fallen out of the public eye for a while, although people still complain about the 40% surcharge to purchase tickets. Enter Leonard Cohen. Two different articles surfaced this week, one from Canada and one from Los Angeles, complaining about the company's business practices stemming from ticket sales for Leonard Cohen shows.

Live Nation (NYSE: LYV), the big, famous concert promoter that counts Madonna as a member of its roster, reported dismal Q4 results on Monday after the bell. A huge write-down in goodwill related to a bad decline in market capitalization led to a loss per share of $4.33. That was many times more than the year-ago loss of 25 cents per share in the similar period. According to this source, Live Nation lost 89 cents per share on an adjusted basis. Wall Street was thinking that maybe the promoter would lose 22 cents per share. Quite the disparity there, eh?

Looking through the press release, I see that there's a lot going on in terms of acquisitions and adjustments. Overall, I came away less than thrilled with the business. I wasn't taken by the statement of cash flows, and I have to wonder how difficult it will be to close on the Ticketmaster (NASDAQ: TKTM) merger. There's talk of antitrust issues.

Everyone's favorite Pearl Jam foe, Ticketmaster, is targeting the competition by merely absorbing it. The subsidiary of IAC/InterActive (NASDAQ: IACI) is scooping up TicketsNow Inc. for about $265 million. TicketsNow, which sold $202 million worth of tickets in 2006, is currently the country's second-largest reseller of tickets for concerts and sporting events. Number one in the resale business (a market with an overall estimated annual value of $2.5 billion to $5 billion in the U.S.) is StubHub - a division of eBay (NASDAQ: EBAY).

Many of the sellers on StubHub, TicketsNow, and other sites procure their tickets originally from Ticketmaster, but Ticketmaster currently misses out on any profit gleaned from a resale. The Wall Street Journal notes that "Where resellers once were viewed as shady scalpers, now, thanks largely to the Internet, they are becoming more respectable."

TicketsNow, according to the article, is primarily a tool for professional ticket brokers, who acquire tickets from Ticketmaster and other sources and then sell to customers. The site currently charges buyers 15% on top of the sale price, and charges variable sellers' fees depending on sales volume and additional factors. Hopefully, with the two ticket names in cahoots, it doesn't essentially mean that Ticketmaster will be earning twice from the sale of a single ticket. But as the Journal points out, "The acquisition raises potentially thorny questions for TIcketmaster..."

It's been a busy year for Ticketmaster in the news ... this deal comes after concert promoter LiveNation vowed to sever ties with Ticketmaster but ahead of a planned spin-off of Ticketmaster into its own publicly traded entity.

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.

Ever since Barry Diller cobbled together the internet Frankenstein called IAC/InterActiveCorp. (NASDAQ: IACI), he had been assuring investors that somehow it all made sense to group together TicketMaster with Evite with Ask.com. Wall Street cried confusion.

Then the media mogul spun off his Expedia travel business into a separate company, figuring that was the reason why investors were confused by the ungainly IAC. Judging from the stock price, investors were just as confused as ever, even as IAC said it was "proud to have so many great brands under one roof." Now, Diller has thrown in the towel and is splitting up IAC into five separate publicly traded companies. As envisioned, IAC would be more or less a media and entertainment company, maintaining businesses including Ask.com, Citysearch, Evite, CollegeHumor and Bloglines. The other companies would be centered around HSN, TicketMaster, and Interval International.

Diller seems to have gotten the message from Wall Street, albeit about five years too late.

"We've been a complex enterprise almost from the very beginning 12 years ago, with hundreds of transactions over those years," he said. "And while we've created a lot of value, I've always believed our complexity and many mouthfuls of sentences to explain who we are and what our strategy is have hampered clarity and understanding with all our constituencies, particularly investors."

Plus, the confusion was costing Diller money.

Ticketmaster, the leading ticket sales website owned by IAC/InterActiveCorp (NYSE: IACI) is being sued by the Cleveland Cavaliers. The NBA basketball team accuses the company of anticompetitive and monopolistic practices.

According to the Associated Press, "The Cavaliers allege in the lawsuit that Ticketmaster is trying to prevent the team's Flash Seats secondary-ticketing Web site from competing with the ticketing giant. Flash Seats provides season ticket holders a way to sell and transfer seats electronically _ a system that is superior to Ticketmaster's TeamExchange program, the lawsuit says."

Ticketmaster has also sued the team, claiming that its contract makes the relationship with Flash Seats illegal.

As Doug McIntyre wrote earlier, IAC reported disappointing earnings today sending the stock down more than 5%. But the drop does not appear to be attributable to the Ticketmaster lawsuit.

Zac Bissonnette is a partner and writer for Hedge Funnies, a satirical take on the financial markets.

Fortress Investment (NYSE: FIG) volatility flat. Investors compare FIG to Blackstone (NYSE: BX). FIG, a global alternative asset manager with approximately $36 billion assets under management, has a market cap of $10.5 billion. Blackstone, a private equity firm, initial public offering was priced at $31 a share, valuing BX at about $33.6 billion. BX manages $88.4 billion, including $19.6 billion in its most recent buyout fund according to Bloomberg. FIG overall option implied volatility of 38 is near its 21-week average according to Track Data.

IAC/InterActive (NASDAQ: IACI) option implied volatility flat at 27. IACI closed at $35. Stifel Nicolaus said on 6/20/07 that it was "upgrading shares of IACI to Buy from Hold and initiating a $42 12-month target price. Our upgrade of IACI is based on 60% probability of a material corporate event occurring within the next 6-months." IACI overall option implied volatility of 27 is near its 26-week average of 25 according to Track Data, suggesting non-directional price fluctuations.

Daily Option Update is provided by Stock Options Specialist Paul Foster of theflyonthewall.com.

New York Governor Eliot Spitzer signed a bill last week eliminating state-imposed price restriction on reselling event tickets, effectively legalizing scalping. More and more states have been repealing anti-scalping laws in recent years, paving the way for companies like eBay Inc. (NASDAQ: EBAY) subsidiary StubHub to create a market for the resale of tickets.

As "deregulation" of scalping continues, StubHub and similar companies should prosper. It's hard to understand why it's taken so long for so many states to eliminate these antiquated laws. According to the Boston Globe, "The justification for anti-scalping laws has been the desire to prevent fans from paying exorbitant amounts for tickets."

But if someone wants to pay $5,000 for a ticket to see the Rolling Stones, why would the government interfere? Who exactly is being protected when the state tells a guy who wants to buy a ticket from someone who wants to sell it that he's not allowed to see the concert.

There's really no economics-based justification for anti-scalping laws. It appears to be a reaction to the unsavory perception of the business, but I can think of plenty of other unsavory industries that are perfectly legal. Now I'm going to go look at my cell phone bill and try to figure out why it's so high.

The mobile search trains of Google (NASDAQ: GOOG) and Yahoo! (NASDAQ: YHOO) left the station some time ago. Even Nokia (NYSE: NOK), the world's largest handset company has its own search function.

With the estimates for mobile-based advertising pointing to $11 billion, according to Informa PLC, no one wants to be left behind.

IAC/Interactive (NASDAQ: IACI) will launch its own Ask Mobile software, which will include features from some of the parent's other websites, including City Search and Ticket Master. It will be introduced with Sprint (NYSE: S).

No matter how well the service works, it has two drawbacks. The first is that Ask.com is among the smallest search operations, with about 5% of the U.S. market. It brings that small share and a relatively late introduction to the mobile space to the table. It is also forming its first partnership with the weakest of the Big Three mobile carriers, which may be an indication it could not get AT&T Wireless (NYSE: T) or Verizon Wireless (NYSE: VZ) to take the product.

Better late than never.

Douglas A. McIntyre is a partner at 24/7 Wall St.

It's been a couple of days and it's time to see how the Street reacted to eBay Inc.'s (NASDAQ:EBAY) recent purchase of StubHub Inc.

Before the purchase, when the announcement wasn't official yet, I said that this acquisition is a good one, taking care of competition and giving eBay a bigger market share of the ticket reselling business.

First, eBay share gained back 3.17% of their value yesterday, as investors obviously reacted positively. What about analysts?

• Mary Meeker of Morgan Stanley expects the purchase to reaccelerate growth for the company. Meeker has an "Outperform" rating on EBAY and expects StubHub to help eBay's struggling tickets category whose growth dropped to 19% in the fourth quarter of 2006 from 31% a year earlier.
• Robert S. Peck of Bear Stearns even thinks that with StubHub, eBay could become a "formidable competitor" to the largest online ticketing platform, Ticketmaster and its TicketExchange. Ticketmaster is owned by IAC/InterActiveCorp. (NASDAQ:IACI).
• Jeetil Patel of Deutsche Bank who has a Hold rating on EBAY warns that the core business continues to struggle. He is more cautious.
• Douglas Anmuth of Lehman Brothers believes the acquisition is a good fit strategically.
• Justin Post of Merrill Lynch thinks that with StubHub, eBay will probably control 40% of the secondary ticket market.

So there you have it. While ticketing is a relatively small business for eBay overall, I think investors were simply happy to see a good and positive move on part of the company.