Method and system for sharing annotations in a communication network

A method for sharing at least one annotation between a first user media terminal and a second user media terminal in a communication network is provided. The method includes inputting the at least one annotation on the first user media terminal. Further, the method includes anchoring the at least one annotation to the media stream executed on the first user media terminal at a first start time. The at least one annotation is sent to the second user media terminal. The at least one annotation is received at the second user media terminal. Furthermore, the at least one annotation is synchronized at the second user media terminal based on a relative start time. The at least one synchronized annotation is then rendered to the media stream on the second user media terminal.