A system and method for developing reading skills, the system comprising a processor and a reader interface in communication with one another. The processor is structured to run at least one computer program for facilitating interactive multimedia learning relating to the development of reading skills. The reader interface is structured to present multimedia content including a text-based passage to a reader, and to receive input from the reader. The reader interface is further structured to display animated text, and to permit placement of the animated text in a location that facilitates viewing thereof. The reader interface also comprises audio and graphic aids which correspond to the text-based passage. Additionally, the processor is structured to measure and track at least one reading performance indicator.