Systems and methods for providing panoramic image and/or video content using spatially selective encoding and/or decoding. Panoramic content may include stitched spherical (360-degree) images and/or VR video. In some implementations, selective encoding functionality may be embodied in a spherical image capture device that may include two lenses configured to capture pairs of hemispherical images. Encoded source images may be decoded and stitched in order to obtain a combined image characterized by a greater field of view as compared to source images. The stitched image may be encoded using a selective encoding methodology including: partitioning a stitched image into multiple portions, determining if a portion is to be re-encoded. If the image portion is to be re-encoded, re-encoding the image portion. If an image portion is not to be re-encoded, copying previously encoded image portion in lieu of encoding.