A Consortium is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.
Examples
- An example of a for-profit consortium is a group of banks that collaborate to make a loan—also known as a syndicate. This type of loan is more commonly known as a syndicated loan. In England it is common for a consortium to buy out financially struggling football clubs in order to keep them out of liquidation.
- Hulu, the American video streaming service, is owned by a consortium of large media conglomerates including Time Warner, 21st Century Fox, Comcast, and the Walt Disney Company.