What are you talking about? Film is 2D. How do you imagine it to suddenly be "encoded in 3D"?
I saw early whitepapers where they had planned even to do things like recognize people's faces, and deduce geometry, thereby separately compressing a person in the foreground vs background (use case: conference calls, news anchors, etc)
As for whether it is possible to deduce 3D structure 2D, there's been some progress in that regard, check this out: http://www.youtube.com/watch?v=CZiSK7OMANw