Can I have a family Itunes account

I have my own iTunes account and iCloud and all that.
I have an iPhone and an iPad, using iTunes on Windows on my personal Laptop.
My wife has an iPhone and iTunes with her own account. With her iTunes on her personal Laptop.
We both have work laptops.
Is there any way to consolidate our iTunes libaries and databases into one place.
Can this be done with iMatch and iCloud?
What I really want is to have is that we have one iTunes account that we can access from anywhere and that synch's to all our devices.
that way we can share/create/edit playlists and all that from any device.
Is there a way to merge both of our accounts into one family account or something?
Or will I just have to trasnfer a libary from one to the other and we both use that Apple Id.
Then enable home sharing and iMatch ?
Will that do the trick?
How many authrised computers and devices can you have on one iTunes account?
Thanks

Hi
that helps alot
so there is no Merge,
What I need to do is transfer the contents of my wife’s library to my home PC.
then get rid of her iTunes account.
Set up her laptop with my account, setup her work laptop with my account, set up her iPhone with my account.
Set up my work laptop with my account.
that way, any purchased material will be available on all our devices?
So, how do I now get rid of the huge database on my personal Laptop, I want to move it to a more reliable platform, An external Raid Network Hard disk, or use the iCloud.
My understanding is that if I leave my Laptop on at home, and use home sharing and iMatch, then I will have effectively have moved my database to the cloud and home sharing allows all computers to access my local database.
Is this the best solution - it seems very convoluted?

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