I really like your concept, you're headed in the right direction with all of your designs, I wish you would have come into the game slightly earlier! Do you have time to suggest any more? What about the LMO in Black and the Productions in Blue?
Yeah I'm sorry for the late entries. I don't think I'll have enough time to come up with a new concept, although I have made the colour revision you suggested. Maybe you could extend your contest for a couple of days?