Media content items is provided to content consumers for playback by the disclosed system that includes plurality of nodes interacting with each other based on a defined protocol in communication network. A first node associated with a first participant receives a request for playback of a media content from a content consumer. A second node associated with a second participant provides media content rights to the first participant and/or the content consumer. The first node further provides media content metadata to the consumer device for consumption. A plurality of instances of a distributed media rights transaction ledger, associated with respective node, includes a plurality of media content rights transactions which corresponds to an acquisition of the media content rights by the first participant and/or content consumer prior to the consumption of the media content, and are managed by the plurality of nodes in accordance with the defined protocol.