diff --git a/examples/parse.rs b/examples/parse.rs
index afdc4a1..e6bcd8b 100644
--- a/examples/parse.rs
+++ b/examples/parse.rs
@@ -5,6 +5,7 @@ extern crate trackable;
 
 use std::io::{self, Read};
 use clap::{App, Arg};
+use hls_m3u8::master_playlist::MasterPlaylist;
 use hls_m3u8::media_playlist::MediaPlaylist;
 use trackable::error::Failure;
 
@@ -30,7 +31,10 @@ fn main() {
             let playlist: MediaPlaylist = track_try_unwrap!(m3u8.parse());
             println!("{}", playlist);
         }
-        "master" => unimplemented!(),
+        "master" => {
+            let playlist: MasterPlaylist = track_try_unwrap!(m3u8.parse());
+            println!("{}", playlist);
+        }
         _ => unreachable!(),
     }
 }
diff --git a/src/lib.rs b/src/lib.rs
index 21eb165..ac537ed 100644
--- a/src/lib.rs
+++ b/src/lib.rs
@@ -1,11 +1,10 @@
 #[macro_use]
 extern crate trackable;
 
-// pub mod playlist;
-// pub mod master_playlist;
 pub use error::{Error, ErrorKind};
 
 pub mod attribute;
+pub mod master_playlist;
 pub mod media_playlist;
 pub mod media_segment;
 pub mod string;
diff --git a/src/master_playlist.rs b/src/master_playlist.rs
new file mode 100644
index 0000000..26d35c1
--- /dev/null
+++ b/src/master_playlist.rs
@@ -0,0 +1,159 @@
+use std::fmt;
+use std::str::FromStr;
+
+use {Error, ErrorKind, Result};
+use line::{Line, Lines};
+use tag::{ExtM3u, ExtXIFrameStreamInf, ExtXIndependentSegments, ExtXMedia, ExtXSessionData,
+          ExtXSessionKey, ExtXStart, ExtXStreamInf, ExtXVersion, Tag};
+use version::ProtocolVersion;
+
+#[derive(Debug, Clone)]
+pub struct ExtXStreamInfWithUri {
+    pub inf: ExtXStreamInf,
+    pub uri: String,
+}
+
+#[derive(Debug, Clone)]
+pub struct MasterPlaylist {
+    pub version: ExtXVersion,
+    pub media_tags: Vec<ExtXMedia>,
+    pub stream_infs: Vec<ExtXStreamInfWithUri>,
+    pub i_frame_stream_infs: Vec<ExtXIFrameStreamInf>,
+
+    // TODO: A Playlist MUST NOT contain more than one EXT-X-
+    // SESSION-DATA tag with the same DATA-ID attribute and the same
+    // LANGUAGE attribute.
+    pub session_data_tags: Vec<ExtXSessionData>,
+
+    // TODO: A Master Playlist MUST NOT contain more than one EXT-X-SESSION-KEY
+    // tag with the same METHOD, URI, IV, KEYFORMAT, and KEYFORMATVERSIONS
+    // attribute values.
+    pub session_keys: Vec<ExtXSessionKey>,
+
+    pub independent_segments: Option<ExtXIndependentSegments>,
+    pub start: Option<ExtXStart>,
+}
+impl fmt::Display for MasterPlaylist {
+    fn fmt(&self, f: &mut fmt::Formatter) -> fmt::Result {
+        writeln!(f, "{}", ExtM3u)?;
+        if self.version.value() != ProtocolVersion::V1 {
+            writeln!(f, "{}", self.version)?;
+        }
+        for t in &self.media_tags {
+            writeln!(f, "{}", t)?;
+        }
+        for t in &self.stream_infs {
+            writeln!(f, "{}", t.inf)?;
+            writeln!(f, "{}", t.uri)?;
+        }
+        for t in &self.i_frame_stream_infs {
+            writeln!(f, "{}", t)?;
+        }
+        for t in &self.session_data_tags {
+            writeln!(f, "{}", t)?;
+        }
+        for t in &self.session_keys {
+            writeln!(f, "{}", t)?;
+        }
+        if let Some(ref t) = self.independent_segments {
+            writeln!(f, "{}", t)?;
+        }
+        if let Some(ref t) = self.start {
+            writeln!(f, "{}", t)?;
+        }
+        Ok(())
+    }
+}
+impl FromStr for MasterPlaylist {
+    type Err = Error;
+    fn from_str(s: &str) -> Result<Self> {
+        let mut version = None;
+        let mut media_tags = Vec::new();
+        let mut stream_infs = Vec::new();
+        let mut i_frame_stream_infs = Vec::new();
+        let mut session_data_tags = Vec::new();
+        let mut session_keys = Vec::new();
+        let mut independent_segments = None;
+        let mut start = None;
+
+        let mut last_stream_inf = None;
+        for (i, line) in Lines::new(s).enumerate() {
+            match track!(line)? {
+                Line::Blank | Line::Comment(_) => {}
+                Line::Tag(tag) => {
+                    if i == 0 {
+                        track_assert_eq!(tag, Tag::ExtM3u(ExtM3u), ErrorKind::InvalidInput);
+                        continue;
+                    }
+                    match tag {
+                        Tag::ExtM3u(_) => unreachable!(),
+                        Tag::ExtXVersion(t) => {
+                            track_assert_eq!(version, None, ErrorKind::InvalidInput);
+                            version = Some(t);
+                        }
+                        Tag::ExtInf(_)
+                        | Tag::ExtXByteRange(_)
+                        | Tag::ExtXDiscontinuity(_)
+                        | Tag::ExtXKey(_)
+                        | Tag::ExtXMap(_)
+                        | Tag::ExtXProgramDateTime(_)
+                        | Tag::ExtXDateRange(_)
+                        | Tag::ExtXTargetDuration(_)
+                        | Tag::ExtXMediaSequence(_)
+                        | Tag::ExtXDiscontinuitySequence(_)
+                        | Tag::ExtXEndList(_)
+                        | Tag::ExtXPlaylistType(_)
+                        | Tag::ExtXIFramesOnly(_) => {
+                            track_panic!(ErrorKind::InvalidInput, "{}", tag)
+                        }
+                        Tag::ExtXMedia(t) => {
+                            media_tags.push(t);
+                        }
+                        Tag::ExtXStreamInf(t) => {
+                            track_assert_eq!(last_stream_inf, None, ErrorKind::InvalidInput);
+                            last_stream_inf = Some((i, t));
+                        }
+                        Tag::ExtXIFrameStreamInf(t) => {
+                            i_frame_stream_infs.push(t);
+                        }
+                        Tag::ExtXSessionData(t) => {
+                            session_data_tags.push(t);
+                        }
+                        Tag::ExtXSessionKey(t) => {
+                            session_keys.push(t);
+                        }
+                        Tag::ExtXIndependentSegments(t) => {
+                            track_assert_eq!(independent_segments, None, ErrorKind::InvalidInput);
+                            independent_segments = Some(t);
+                        }
+                        Tag::ExtXStart(t) => {
+                            track_assert_eq!(start, None, ErrorKind::InvalidInput);
+                            start = Some(t);
+                        }
+                    }
+                }
+                Line::Uri(uri) => {
+                    let (line, inf) = track_assert_some!(last_stream_inf, ErrorKind::InvalidInput);
+                    track_assert_eq!(line + 1, i, ErrorKind::InvalidInput);
+                    stream_infs.push(ExtXStreamInfWithUri {
+                        inf,
+                        uri: uri.to_owned(),
+                    });
+                    last_stream_inf = None;
+                }
+            }
+        }
+
+        // TODO: check compatibility
+        Ok(MasterPlaylist {
+            version: version.unwrap_or_else(|| ExtXVersion::new(ProtocolVersion::V1)),
+            media_tags,
+            stream_infs,
+            i_frame_stream_infs,
+            session_data_tags,
+            session_keys,
+            independent_segments,
+            start,
+        })
+    }
+}