Industry Consolidation Quotes

If you look across the economy, if you have multiple players in an industry, you have more customization, more innovation, greater choice for consumers. The more you have consolidation, the less likely you are to invest in innovation. It becomes all about driving down cost and mass production. And that's not good for innovation in an industry.

The strong live and the weak die. There is some bloodshed, and out of it emerges a much leaner industry, which tends to survive.

Look at the computer industry. I've watched a lot of companies come and go, some that were right at the pinnacle of their success.

Of the 55 refineries closed in America in the last 10 years, they were all closed for economic reasons, mostly oil company mergers. Not a single one was closed for environmental purposes or objections.

I am seriously troubled by the proposed rapid consolidation in the telecommunications marketplace.

The 500X and Jeep Renegade are very different cars, but they are manufactured in the same plant and share R&D, which reduces the total investment required by 1 billion euros. That is why I'm convinced that the industry needs and will see more consolidation in the future.

Sirius and XM went on air in 2001. It's taken 14 years for that to be a real business. It took them combining to be a real business.

The rate of change is not going to slow down anytime soon. If anything, competition in most industries will probably speed up even more in the next few decades.

Consolidation isn't new, though... it was a major factor in our rush to form the Gathering and place a stake in the ground to ensure that there is a solid path for developers who are willing to stay independent and build their own companies on their own terms.

One the other hand, the publishing trend is ghastly, isn't it? Two hundred and something distributors are now down to 10 or 12? And what's the recruiting drive?

I don't think it's good in any business for anyone to have a monopoly. On the other hand, you need to have size to get costs down.

I think that we are trying to put data communications, telecommunications and media communications together and be the No. 1 player there.

When I started out, there were many different companies... you could leave and go to a different territory, and there were so many different styles. What we have now is WWE has survived the test of time, and all the other companies have fallen off the face of the earth.

The music business has changed incredibly. There used to be 50 record companies. Now there's only three, and it's just getting smaller and smaller. But then again, you have the Internet, so anybody who has music can get it out there.

So many venues are owned by these various different ticketing and promoting people, and they're all in bed with one another. It's no secret over here.

History shows fans want consolidation; you see it across the web every place. The big players are people like Google, Amazon, eBay, Facebook.

All of the changes in publishing since 1960 are significant. There are far fewer publishers.

Now, it takes time to secure and to keep that which the public has decided it is not for the general good that you have. It takes time and caution to perfect anything which must be concealed. It takes time to crush men who are pursuing legitimate trade. But one of Mr. Rockefeller’s most impressive characteristics is patience. There never was a more patient man, or one who could dare more while he waited.

These companies know that at their current size they're not going to be big enough to have the necessary capital, and they don't have enough spectrum to get to the third generation.

It's hard selling books in general: companies are merging, editors being laid off, bricks-and-mortar bookstores closing, large chain bookstores squeezing out independents, and online retailers squeezing out chain bookstores.

You have to take a broader view and realize this is an industry like any other - telecoms, Railroads; they went through consolidation. Why shouldn't the computer industry be any different? This shouldn't have been a surprise to anybody but it seemed to be, and a lot of people thought I was nuts when I said these things. And that's why they are alone as a consolidator.

Every industry, as it comes to a certain level of maturity, there is consolidation. In that consolidation, some fall, but the men will always be there. It is the boys that get sloughed, I would say.

One of the weaknesses of Indian industry is that in many areas.. like consumer goods.. it is very fragmented. Individually, the companies might not be able to survive. What is needed is a consortium of like companies in one industry, presenting a strong front to the multinationals. The Swiss watch industry did this.

We are No. 1 worldwide by quite a margin on the client side and expanding, according to IDC and others, every single quarter. Our expectation is that the industry will consolidate and that more of our competitors will exit.

Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith Barney... all these firms disappear, and the Street just rolls on.