A system for realistically reproducing multimedia content includes a realistic multimedia content producer for providing the multimedia content; a device metadata server for providing device metadata for realistically reproducing the multimedia content; and a realistic multimedia reproducing apparatus for downloading the device metadata for the multimedia content from the device metadata server, and applying device metadata selected by a user to thereby reproduce the multimedia content. Further, a method for realistically reproducing multimedia content includes downloading multimedia content to be reproduced realistically; checking if the multimedia content includes device metadata for realistic reproduction; downloading a plurality of device metadata for realistic reproduction of the multimedia content if the multimedia content does not include the device metadata; and reproducing realistically the multimedia content by controlling a reproducing device to which metadata selected by a user from the plurality of device metadata are applied.