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The Colossus of New York was released by Paramount on a double bill with another William Alland production, The Space Children (see below). According to modern sources, the colossus was designed and built by Charles Gemora and Ralph Jester. The costume itself was eight feet tall, weighed 160 pounds, and was created from burlap, plastic, rubber and fine chicken wire. Inside the costume were batteries, cables, air tanks and oxygen tubes which both moved mechanical parts and assisted Ed Wolff, who played the colossus, in breathing. Because it took over forty minutes to get Wolff in and out of the costume, a special rack was designed for the actor to rest on between shots.
Modern sources also state that the funeral sequence in The Colossus of New York was shot on the grounds of a run-down Hollywood mansion. The film's score is played on a single piano. The Variety reviewer noted its effectiveness, but speculated that "either economy, or perhaps the studio musicians' strike" May have been the rationale for the unusual practice. In an interview published by modern sources, actor Ross Martin claimed that the funeral scene had to be reshot because he fell asleep in the coffin and his snoring could be heard over the dialogue.