A method and system for conducting a transaction involving digital content is provided. The system includes, a first user of a first mobile device connected to a network; a second user of a second mobile device connected to the network; a MNO that is functionally coupled to the first mobile device and the second mobile device and to a digital content provider and a rights issuing authority. The MNO receives a request for digital content from the first user, searches for the requested digital content and if the second user has the requested digital content, then the MNO obtains any rights to re-distribute/access the requested digital content; and the second user, the digital content provider and the MNO are compensated for distributing the requested digital content from the second mobile device to the first mobile device.