Disclosed herein is a content playback apparatus and method for providing an interactive augmented space. The content playback apparatus includes an augmented space recognition unit and an interaction processing unit. The augmented space recognition unit reconfigures a real space into a virtual space based on one depth image extracted from the real space, matching one or more primitive objects to the virtual space, and projects one or more virtual 3D objects, mapped to the primitive objects and combined with the reconfigured virtual space, onto the real space. The interaction processing unit recognizes one or more gesture interactions of a user related to the virtual 3D objects projected onto the real space and projects the virtual 3D objects onto the real space by incorporating deformations of the virtual 3D objects resulting from the recognized gesture interactions.