In accordance with an embodiment, a method of operating a streaming media client includes electronically receiving, from a network, information regarding component access points of a first multiplexed representation of a streaming content. The first multiplexed representation of the streaming content includes a plurality of media components, and each component access point defines an independently coded access point for one of the plurality of media components. The method further includes selecting a first segment of the first multiplexed representation of the streaming content based on the information regarding the component access points, and requesting the selected first segment of the first multiplexed representation of the streaming content from the network.