A multimedia presentation system includes: a display unit (120) for displaying multimedia information and an On Screen Display (OSD) menu; a control unit (110) including the multifunctional button for receiving a user operation, generating a control signal corresponding to the operation, and transmitting the control signal; and a processing unit for receiving the control signal, and performing corresponding one or more operations for the display unit according to the control signal. The operations include turning on or turning off the display unit, entering the OSD menu, and confirming one or more operations on the OSD menu. A related method implementing the system is also disclosed.