Configuring Remote Media Streaming is same for both the remote and local computer. We have to follow the below mentioned steps:
1.Start Windows Media Player 12 and click Stream>Allow Internet access to home media.
2.Next you have to link an online ID to your windows account. The Internet Media Sharing feature integrated with an online ID provider such as Windows Live ID enables users to access their media located on a home Windows 7 computer remotely over the Internet on any other Windows computer.
3.If an online ID is not linked to your Windows account you have to download the Windows Live Provider. Click Add an online ID provider. The webpage links to a web browser where you can select an online ID provider plug-in to use with Windows 7.
You can select the plug-in you want to use.
Download the plug-in and close the browser.
Install the same and you will see the Windows Live ID listed as an online ID provider. Click Link online ID to set up your Windows live ID.
Type your Windlows Live ID credentials and then sign in.
You can then switch back to Windows Media Player and click Allow Internet access to home media. You will see the confirmation screen as below after an UAC prompt.
Repeat the above steps on your other Windows 7 Computer. When both the computers are configured, restart Windows Media Player 12 on each computer and you can see the shared media show up under other libraries.