In this paper, we propose a luminance and color correction scheme for multiview image compression for a 3-DTV system. According to characteristics of luminance and chrominance, we propose a 3-D discrete cosine transform (3-D DCT) for 3-D image compression. Then, a cubic memory-based 3-D DCT is proposed for 3-D image compression in this paper. 3-D display technology has become an important technology lately. TFT-based multiview 3-D display has the advantage of convenient setup, mass production, and a large amount of 3-D content support, making it a popular 3-D display product. However, multiview 3-D signals need huge storage space and wide channel bandwidth, especially when view number is larger than two views. To overcome the obstacles, we propose a 3-D DCT component based on cubic memory to perform 3-D image compression in this paper. The presented architecture reduces a great quantity of memory space and provides efficient 3-D signal storage.