A dynamic and synchronized real-time captioning system and method for streaming media. A streaming encoder module can provide a code injection to marry textual data and audio/video (AV) data in order to form a text and/or audio stream. A streaming control module can allow an end-user to specify font format utilized to embed into an AV stream. A delay enhancement tool can be adapted to adjust speed of the text and/or audio stream, which allows the end-user to receive the text and/or audio stream at a proper speed. A customized graphical user interface (CGUI) can be adapted to assist with streaming administration to provide an encoding option, caption source location, delay control and slide control. Therefore, the captioning system can be able to synchronize and deliver the textual data and the AV data for live media streaming at an end-user's system.