Methods and systems for creating, editing and monitoring real-time collaborative on-line multimedia albums at a host site. The invention facilitates the construction of the multimedia albums which comprise digital content, such as photos and video clips, provided by multiple digital content contributors, taken from each contributor's unique perspective. The invention uniquely creates these multimedia albums to be optimized for dynamic updating, real-time interaction, and rapid dissemination to a viewing audience, for public and/or private viewing, either one photo/video clip at a time or as a slide-show.