Abstract: A system and associated method for capturing panoramic and stereoscopic image data can be utilized to produce panoramic and stereoscopic videos for use in conjunction with suitable virtual reality display devices. The system utilizes a camera arrangement consisting of a plurality of camera pairs positioned to capture a 360° environment. Each camera pair comprises a left-eye camera and a right-eye camera and the camera pair planes of each camera pair substantially parallel to each other. The camera pairs can be arranged in levels of varying heights in order to accommodate a greater number of camera pairs, thereby enhancing the resulting image data. Once the image data has been captured, left and right-eye panoramic videos are generated by merging the corresponding images from each left-eye camera at each time point, and each right-eye camera at each time point. The resulting videos can then be output for panoramic and stereoscopic viewing.