Interactive Multimedia Content Playback System

A computer implemented method and system is provided for controlling playback of multimedia content in real time. An interactive media application is provided to a first user and a second user. The first user defines multiple controls for the multimedia content and parameters associated with the defined controls using the interactive media application. The interactive media application renders a graphical representation of the defined controls with the multimedia content on an interface on the second user's computing device. The interactive media application acquires one or more control inputs from the second user. The control inputs provide a selection of values for the defined parameters associated with the defined controls. The interactive media application executes the defined controls based on the selected values for modifying one or more variables of the multimedia content. The interactive media application renders the multimedia content in accordance with the modified variables to the second user.