With a 2x CinemaScope lens the goal is to produce a 2.35:1 aspect ratio image with the 2x compression. In post you take the recorded image and stretch it horizontally 1.5x to (1920x1.5) = 2880 and also compress it vertically 0.75x to (1080x0.75) = 810.
Then you keep the middle section 1920 wide, which means you discard the sides. The final corrected image is therefore 1920x810 which is 2.37:1, with black top and bottom borders in a 1920x1080 frame. This is the aspect format used in Hollywood movies and it has the desirable 2x compression.
The reason you discard the sides is because the camera records in 16:9. In Hollywood movies they use something closer to 4:3 which is a better fit, but the scope is always 2x.
Using this technique with a 5D or full frame camera you have to use longer lenses starting from 85mm upwards.
(NOTE The 5D3 can shoot Magic Lantern RAW format which means that you can set a custom aspect ratio. So if you use say 1280x1080 crop then you can use lenses from about 60mm, go to the Magic Lantern site to learn more on this.)
Now for the tricks :)
I have set up a shot with a 5D and 1.8/85mm lens to demonstrate this to you, using a Moller 2x
The photo
transferconvert.co.uk/cinemania/testkit.JPG,
shows the kit used for this quick test.
I didnt do a perfect align so there is some non symmetric framing. Focus is set to the Beatles record.
Then I took the images into Photoshop to simulate a post operation using the technique from the first two paragraphs and they are here:
transferconvert.co.uk/cinemania/F18desqueeze.jpg
transferconvert.co.uk/cinemania/F28desqueeze.jpg
transferconvert.co.uk/cinemania/F4desqueeze.jpg
transferconvert.co.uk/cinemania/F56desqueeze.jpg
transferconvert.co.uk/cinemania/F8desqueeze.jpg
These images are now in the same format that you see from Hollywood, with a mild fall off in the corners as you stop down
You will have even better results using say 90 or 100mm, and if you use Magic Lantern RAW you can record at 1280x1080 then stretch to 2560x1080 which is better than Hollywood 2k format and if you want blu ray just uniform scale by 0.75