A system, method and software for producing 3D effects in a video of a physical scene. The 3D effects can be observed when the video is viewed, either during a live stream or later when viewing the recorded video. A reference plane is defined. The reference plane has peripheral boundaries. A live event is viewed with stereoscopic video cameras. The stereoscopic camera viewpoints are calculated that enable the event to be recorded within the peripheral boundaries of the reference plane. The footage from the stereoscopic video cameras is digitally altered prior to being imaged. The altering of the footage includes bending, tapering, stretching and/or tilting a portion of the footage in real time. Once the footage is altered, a common set of boundaries are set for superimposed footage to create a final video production.