A text data extraction system analyzes one or more interleaved video data streams and parses the stream(s) to extract text data from text data packets. In addition, presentation time data is extracted to facilitate independent use of the text data from corresponding video data. Extracted time coded text data is stored so that the presentation time data can be used to link the extracted text data back to the corresponding video data to facilitate for example: annotation of a movie, text searching of closed caption text, printing transcripts of closed caption text, controlling video playback, such as the order in which scenes are played back, and any other suitable navigation or manipulation of video images or text data.