A system, method and computer program product are provided for delivering media content. The system includes at least one recipient that may be associated with at least one recipient rule. The system also includes a sending entity capable of transmitting a multimedia message addressed to the recipients. The sending entity can also specify delivery rules in the message. In this regard, the multimedia message includes media content. The system further includes a network entity capable of receiving the multimedia message and identifying any recipient rules, sending entity rules and/or network rules associated with the multimedia message. The network entity can then deliver the media content to the recipients based upon respective rules. The network entity can also be capable of processing the media content based upon the rules before delivering the media content, such as by transcoding or truncating at least a portion of the media content prior to delivery.