Abstract: A system and method for establishing and maintaining synchronization of isochronous audio and video information streams in wireless multimedia applications. The system includes a media source device capable of sending multimedia content a media consumer device capable of receiving said multimedia content, control signals that are exchanged between said media source device and said media consumer device, and an algorithm that uses the control signals to synchronize isochronous video and audio streams that pass between said media source device and said media consumer device. Some embodiments of the present invention include an algorithm to enable a device to have both the media sourcing and media consuming functions. The system and method includes algorithms that use the control signals to establish and maintain synchronization between the isochronous audio, data, and video streams of multimedia content, and, optionally, allows a device to both transmit and receive said multimedia content.