I think he should have written "disintermediated" for those examples. There are now fewer intermediaries, maybe only a single layer - but the companies in that layer occupy almost all of it.
You can publish books without having to worry about publishing and distribution - if you go through the publication-and-distribution vertically integrated monolith.
You can publish books without having to worry about publishing and distribution - if you go through the publication-and-distribution vertically integrated monolith.