A method and system are provided in which a video processor may select a 2D video output format or a 3D video output format. The video processor may generate composited video data by combining video data from a video source, and one or both of video data from additional video sources and graphics data from graphics source(s). The video processor may select the order in which such combination is to occur. The video data from the various video sources may comprise one or both of 2D video data and 3D video data. The graphics data from the graphics sources may comprise one or both of 2D graphics data and 3D graphics data. The video processor may perform 2D-to-3D and/or 3D-to-2D format conversion when appropriate to generate the composited video data in accordance with the selected output video format.