We would like to incorporate a burgundy (reddish) color but we really encourage you to be creative. In the end, our prior preferences wont be a huge issue.
We are a young company, only six month old. We don't have any huge concerns with what are logo should include. It of course needs to tie in video production, which is the most important. After that, any other film and multimedia. This logo is for our videos for tagging, intros etc., our website, and our multimedia items i.e business cards, flyers etc.
We want designers to be creative, this is a contest with little restrictions. The 777 in our company name does have a religious tie-in to God, it is not required to have it but if a logo incorporates it well, that is a bonus.