Abstract: Video on demand services rely on frequent viewing and downloading of content to enhance the return on investment on such services. Videos in general and movies in particular hosted by video portals need to have extensive annotations to help in greater monetization of content. Such deep annotations help in creating content packages based on bits and pieces extracted from specific videos suited to individuals' queries thereby providing multiple opportunities for piece-wise monetization. Considering the complexity involved in extracting deep semantics for deep annotation based on video and audio analyses, a system and method for deep annotation uses video/movie scripts associated with content for supporting video-audio analysis in deep annotation.