second draft definitely looks better, i like the small boxes on the side leading into the red spot, very similar to a film strip frame (which im sure you already know)
possible suggestion, maybe have the M in the top right corner, with it spelling Mat horizontally, and Media vertically, and then in the box that creates, put rich, maybe ri on the top line, ch, on the bottom, in the same color scheme you have now.
again, i dont know what im talking about, but just a suggestion if you're looking for something to play around with.
looks good, keep it up!