The present invention discloses methods of digitally converting 2D motion pictures or any other 2D image sequences to stereoscopic 3D image data for 3D exhibition. In one embodiment, various types of Image data cues can be collected from 2D source images by various methods and then used for producing two distinct stereoscopic 3D views. Embodiments of the disclosed methods can be implemented within a highly efficient system comprising both software and computing hardware. The architectural model of some embodiments of the system is equally applicable to a wide range of conversion, re-mastering and visual enhancement applications for motion pictures and other image sequences, including converting a 2D motion picture or a 2D image sequence to 3D, re-mastering a motion picture or a video sequence to a different frame rate, enhancing the quality of a motion picture or other image sequences, or other conversions which facilitate further improvement in visual image quality within a projector to produce the enhanced images.