Premiere Pro sequence adds black stripes on both sides of the video I'm trying to edit a footage video with Premiere Pro CS6. The raw file is 1920x1080 HD shot with a wide lens camera. So I created a new project in Premiere Pro and I made a custom sequence using exactly the same numbers: 1920x1080

However, the result is not what one would expect. The resultant sequence has two black stripes on both sides of the video. I verified both the properties of the video file and the sequence and they both say 1920x1080 but you can see the result on the screen shot. The sequence is on the right with the black stripes on both sides. On the left, you can see the preview raw footage window that looks just fine... Obviously if I render out the video, what goes out is the one on the right and I do not want to have the black stripes on both sides but I can't get rid of them.

So my question is why is this happening and how can I fix it?
Aj Henderson is right.
Your pixel aspect ratio is different in each video.
You can see that from the pool table, the one on the left is stretched out, while the one on the right is squished, it almost almost like you have 16% black bars on either end of the video on the right. Pixel aspect ratio, anamorphic 1.333. 

2 ways to fix it:

1) Square pixels

If you wish to keep the pixels square
Crop the video (scale in) until the crop lines disappear, but of course you will also crop out some content on the top and bottom of the video

2) Create new sequence

Create a new sequence, I am assuming AVCHD, select 1080p folder and then select the item AVCHD 1080p24 Anamorphic (or the 25 frame one, dont know what video setting your source is at). Also note there is a little tab at the top called settings when creating a new sequence, you can click that to view your pixel aspect ratio.

That should fix the issue.