Abstract: A software system and a method for a Internet-based Content Billing and Protection System capable of both selling and delivering in Real Time Protected Content such as a live or archived on-demand Webcast on the Internet to a Client using dynamically generated Web pages and Encoded Links that cannot be Bookmarked, copied, displayed, exported or otherwise made public to the Client or a Subscriber by the Web Browsers, Players, Browser Plug-ins, or other Client Side programs. The invention operates on a Web Server while the Protected Content can reside on any Content Server, including a Streaming media Webcast Server such as a Windows Media Services Webcast Server.