A system and method for session management of streaming media are provided. The system and method authenticate and validate any request for live or streaming video and manage the streaming session in a manner that continues to verify the validity of existing video streams with respect to new requests. The system and method provide for receiving a first request for a first video stream from a client, generating a token based on the first request and at least one parameter associated with the client, validating the token based on at least one predetermined rule associated with the client, and upon validation, providing the first video stream to the client. Upon receiving a subsequent second request for a second video stream, the system and method validate a second token based on the first video stream, terminate the first video stream and provide the second video stream to the client.