Abstract: A method and system for improved scheduling of content transcoding is disclosed. Embodiments are capable of generating and assigning a first transcoding priority value to a piece of content, where the first transcoding priority value is based upon information about the content and at least one semi-static constraint. A second transcoding priority value may also be generated and assigned based upon the first transcoding priority value and at least one dynamic constraint. Transcoding of the content may be scheduled using the first and/or second transcoding priority values, thereby providing scheduling of content transcoding which takes into account longer-term knowledge and/or shorter-term knowledge for better assessment of the demand for transcoding of a given piece of content. Accordingly, embodiments enable transcoding of content with reduced resource load, reduced transcoding cost, and improved quality of service.