Hi Moonstruck - this is the article where I got the info that led me to the image...
..
....The original, unedited version survived only as single print in his personal vault until its recent restoration. What it revealed is a film like little else prior to Pasolini's Salo in its combination of horror, degeneracy and an all-pervading sense of doom. There is a genuinely apocalyptic feel to the thing. A naked girl is tethered horizontally two feet from the ground as hungry crocodiles scuttle towards her, another is tied to a pole as a gorilla advances, her fate presumably an altogether different one, a battle is staged between gladiators and dwarves, an elephant crushes a man's head beneath its foot, and through it all De Mille cuts to Laughton and the other spectators salivating and laying wagers on the outcome.....
Movietone News: Charles Laughton in Hollywood: Different from all the world
I know the op mentioned it was in color, but memories can be a tricky thing, if its not the film the op is looking for we can cross it off the list and continue on the search! Times like this when it would be so nice for the op to come back with a yay or nay...