An IP-based television interactive broadcast system that includes: a first subsystem, the first subsystem receiving and storing raw content arriving from a content generation source; a second subsystem, the second subsystem processing the received content by performing at least one of encoding, editing, inserting interactive modules into the content, or inserting special affects and graphics in the received content, and a third subsystem, the third subsystem having the capability to stack multiple streaming files into a playlist, store all of the processed content from the second subsystem, broadcast, control access, and manage the delivery of streams/channels to worldwide audiences. The IP-based television interactive broadcast system capable of delivering an unlimited number of channels containing multiple content, where the channels are interactive 2-way streams contained within a single IP Internet session. The worldwide audiences are able to interact with the content as well as with others viewing the content.