DVD release 8/16/11
The Colossus of New York will have its overdue legitimate DVD release on August 16, 2011.
Olive Films, which has been licensing movies from the Paramount library since the spring of 2010, is acquiring more, and Colossus is their first new film after the initial 27 they released over the past year. The price is Olive's usual $24.99, though it can always be found for less on line.
Thus far, Olive's Paramount DVDs have been of very high quality. Few if any extras, which is not unusual these days for classic films, but the movie is what's important. As of the date of this posting, I have heard nothing about what other Paramount films Olive may be releasing (the 1952 thriller The Atomic City has been rumored, but no confirmation). In contrast, last year they announced their full roster of 27 films at the outset. But there's at least hope for more gems from the untapped portions of Paramount's extensive library.