System and method for secure commercial multimedia rental and distribution over secure connections

An intellectual property provider server for securing intellectual property distributed electronically, the intellectual property provider server comprising:

• a storage memory device configured to store one or more intellectual property products;
• and
• a processor
• configured to establish communication over a network with a client connected to the network to establish contact between the intellectual property provider server and the client, at least two component codes being shared and pre-stored in both the client and the intellectual property provider server prior to ordering an intellectual property product,
• further configured to accept an order for the intellectual property product from the client,
• further configured to create a shared private key based on the at least two pre-stored component codes and an additional shared component code, the shared private key not distributed to the client,
• further configured to encrypt the intellectual property product ordered by the client with the shared private key, wherein the intellectual property product further comprises content data and rights data in digital form, and
• further configured to electronically distribute the encrypted intellectual property product to the client without transmitting the shared private key to the client, wherein the shared private key is created using a billing code, a player code, a time and date code, and a last cookie code.

A system for storing intellectual property distributed electronically, comprising:

• an intellectual property provider server including
• a storage memory device configured to store intellectual property product, and
• a processor
• configured to establish communication over a network with a client connected to the network to establish contact between the intellectual property provider server and the client, at least two component codes being shared and pre-stored in both the client and the intellectual property provider server prior to ordering an intellectual property product,
• further configured to accept an order for an intellectual property product from the client,
• further configured to create a shared private key based on the at least two pre-stored component codes and an additional shared component code, the shared private key not distributed to the client,
• further configured to encrypt the intellectual property product ordered by the client with the shared private key, wherein the intellectual property product further comprises content data and rights data in digital form, and
• further configured to electronically distribute the encrypted intellectual property product to the client without transmitting the shared private key to the client;
• and
• a second processor included in the client, the second processor
• configured to create a copy of the shared private key based on the at the least two pre-stored component codes and not receive the shared private key from the intellectual property server, and
• further configured to decrypt the encrypted intellectual property product with said copy of the shared private key, wherein
• the shared private key is created using a billing code, a player code, a time and date code, and a last cookie code.