An integrated circuit for pre-processing, encoding, decoding, transcoding, indexing, blending, post-processing and display of media streams, in accordance with a variety of compression algorithms, DRM schemes and related industry standards and recommendations such as OCAP, ISMA, DLNA, MPAA etc. The integrated circuit comprises an input interface configured for receiving the media streams from content sources, a plurality of processing units, system CPU, and sophisticated switch and memory controller, electronically connected to the input interface and directly connected to each one of the processing units. The integrated circuit further comprises an output interface that is operatively connected to the switch and configured for outputting the simultaneously processed media streams.