A method of operating by a second processing unit a content recorded by a first processing unit, said first and second processing units having a specific key being managed by a central server. The processing units have access to a removable storage memory intended to record a content ciphered by a content key accompanied by a file associated to the content. The content key is produced by means of a cascaded deciphering starting from the specific key of the first unit of at least two constants provided by the central server and a variable. The content is restored by the second processing unit by means of a cascaded deciphering starting from the specific key of the second unit by using the constants and the variable stored in the file accompanying the content and a transcoding key calculated by the central server.