The invention discloses a system and method for massive streaming media storage. The system is composed of a media server, a master control server and storage servers, wherein the media server, the master control server and the storage servers are connected with one another through a high-speed IP network. The system is used for providing the function of media stream uploading and the function of media stream obtaining for the outside. The media server is used for receiving a media stream, dividing the media stream into fragments according to a specific length, storing the fragments into the corresponding storage servers, receiving an external media stream obtaining request, and positioning the media stream in the fragments. The master control server is in charge of storage server management, storage space distribution and media stream fragment management. Each storage server is in charge of storage and reading of the media stream fragments. Data mainly comprise media stream information, fragment information, and storage server information. Fragment information comprises fragment IDs (key words), a streaming media ID, storage server IPs, fragment sizes, the starting time of each fragment, the duration of each fragment, and the state of each fragment. Each fragment begins from the key frame of a video so that retrieval and playback of the media stream can be conveniently conducted.