Abstract: A method of processing and delivering video content is disclosed. An embodiment of the method maintains a raw version of a video program at a server system. Before receiving any request to stream the video program from the server to a client device, a prefetching routine is performed on the video program to transcode and segments a leading portion of the video program. Before receiving any request to stream the video program from the server to the client device, the prefetched video segments are stored in cache memory of the server. The server receives a request to stream the video program to the client device. In response to the request, the prefetched video segments are streamed from the cache memory. The prefetching routine is also performed on the video program to transcode and segment a future portion of the video program, resulting in additional prefetched video segments.