When you see "The Lady in Red" you are bound to notice that it is in color but not full color. This is because in 1935, Disney had an exclusive agreement with Technicolor to use its new Three-Color process...which would give a true color appearance to the films. Instead, if other studios wanted color, they needed to use a cheaper Two-Color process...such as Cinecolor. While cheaper to use, the Cinecolor films clearly have a limited spectrum--and they mostly look blue-greenish and ornagy-red. Now I must say the copy on HBO Max is an awfully good one, as with some of these films the colors all degrade to a pinkish or orangy hue.
The cartoon is a mostly craptastic short. I say this because it's chock full of singing and dancing....the sort of thing they loved in the 1930s but which is hard to take today. After LOTS of singing, a parrot comes along and tries to eat the cockroaches. Now considering they are cockroaches, you'd think the parrot is the hero...though he apparently isn't.
Like many of Looney Tunes' cartoons of the early to mid-1930s, this one is greatly hampered by all that insipid singing and dancing. As for the villain and confrontation at the end, it comes too late to interest the audiences...who mostly must have left to get popcorn during this singing cutesy short.