The invention relates to a method for producing a spatially highly precise, localized panoramic street image of a street from a continuous film with location information recorded by means of a vehicle, wherein the film contains image data at an angle of 90° to the course of the street, which is referred to as zero position, and has a capture angle of at least 20° in the horizontal. Here, for each frame of the film recording positions are ascertained and afterwards, in an analysis step, the physical distance between the recording positions of a first and a subsequent frame is calculated. Following this, image strips are extracted from the first and the subsequent frame, which correlate with the distance. Furthermore, the invention relates to a system for executing the relevant method according to the invention.