A content recording/reproducing system, which records and reproduces a sub-content relating to a main content, includes a distribution device, first and second recording media, a recording device and a reproducing device. The first recording medium that is non-rewritable prestores key data based on which a public key is derivable, and the main content. The distribution device outputs verification information that includes the sub-content and is generated by applying a digital signature to relative information relating to the sub-content based on a secret key corresponding to the public key. The recording device acquires and records the verification information on the second recording medium that is rewritable. The reproducing device acquires the key data from the first recording medium and the verification information from the second recording medium, derives the public key from the key data, verifies the verification information using the public key, and reproduces the sub-content if the verification succeeds.