A system and method for the management of common consumption of media in a media exchange network is disclosed. Various embodiments of the present invention provide for control by a first user at a first location in a media exchange network of the simultaneous consumption of media content by other users at other locations in the media exchange network. The media content consumed may comprise audio, still pictures, video, and data. The first user may consume the media content simultaneous with the consumption of the other users, and the media content may be stored at the location of the first user, or at other locations in the media exchange network.