The chapter seeks to discuss the role played by library consortia in resource sharing among libraries, media organizations, and archives. It will outline the existing models that are functioning effectively especially in the developing countries and discuss the best practices. The target audience being libraries, archives, and media. While unravelling the economics of resources sharing among the information players, the chapter will address the challenges and opportunities in supporting research, teaching, and learning. The value of the book chapter is that it will give an insight into the development of library consortia and their significance as opportunities to provide equal access to research in libraries, archives, and media. The chapter will also provide a comprehensive comparison between library consortia in developing countries and developed countries highlighting how resource sharing in developing countries has helped to bridge the gap of information access, thereby showing progressive development.