A method and system for summarizing multimedia content is disclosed. The method includes the steps of extracting a set of video files from a multimedia content such that each of the set of video files comprises a plurality of frames, and summarizing each of the set of video files to generate a set of summarized video files. Summarizing includes modifying a number of frames in each of the set of video files while retaining a caption generated for each of the set of video files. The method further includes generating sets of bridge frames for the set of summarized video files, based on a deep learning model. A set of bridge frames from the sets of bridge frames maintains continuity between corresponding adjacent summarized video files. The method includes generating a summarized multimedia content based on the set of summarized video files and the sets of bridge frames.