Disclosed herein are a personal video broadcast system and service method using the Internet. The system utilizes a terminal for viewing that connects to a web site and allows the user to watch personal video broadcasts and Video On Demand (VOD) in real time. Wired and wireless Internet operates to connect the user's viewing terminal to a web server that provides channel, live broadcast, and VOD information through the web pages of the web site in real time. A media server operates in conjunction with the web server, and performs real time video encoding and conversion of the channel, live broadcast, and VOD information into a format viewable in the environment of the terminal. A user's terminal for broadcasting operates in conjunction with the media server which transmits the video information. A video device also connects to the user's terminal for broadcasting which captures video images.