It is well known that ion-beam-plasma interactions can destabilize right- and left-hand polarized electromagnetic waves. Owing to the fact that these instabilities have mostly been studied numerically by solving the hot-plasma dispersion relation, their fluid nature has often gone unnoticed. Choosing the ion background to be the rest frame, it is shown that the right-hand polarized instabilities are the result of a merging of the magnetosonic/electron-cyclotron branch of the dispersion relation with the ion beam. For any given ion-beam density and sufficiently large beam velocity, there are always two right- and two left-hand polarized instabilities leading to forward-propagating electromagnetic waves. It is also shown that all right-hand polarized instabilities are resonant instabilities, satisfying ω-kU+Ωp≈0 around their maximum growth rate (ω and k are the frequency and the wavenumber respectively, U is the beam velocity, and Ωp is the proton gyrofrequency). Likewise, when the two l