A system and method for demultiplexing an MPEG-2 Transport Stream (TS), is disclosed. In one embodiment, a method of demultiplexing an MPEG-2 TS includes receiving the TS via a system interface, managing the TS via a TS manager, and managing parsing of the TS via a parser manager. Further, the method includes creating a media data stream by parsing the TS via one or more parsers within the parser subsystem, and creating a plurality of decodable units from the media data stream via a framer.