A computer-implemented method and system for DRM brokering and digital asset security transcoding comprising utilizing a broker for converting content from one format into one or more alternative DRM-protected formats for distribution to end-users. The broker operates an escrow system for securing and tracking the content and information about the content and encryption keys associated with a plurality of DRM content formats. The broker further provides a common inter-DRM log format for receiving usage transaction logs and payment logs associated with transcoding and distribution the content in one or more DRM-protected content formats.