This dissertation by Jerry Holsopple is an interesting read, mostly because it also discusses new technologies such as After Effects rather than remaining limited to film as most older studies (necessarily) are.
Here's the abstract from the current issue of Leonardo. This sounds like something worth looking into, if you're into visual music and color harmonies.
Throughout the centuries there have been numerous attempts to correlate elements within the fields of music and visual art. The author compares the 12- tone musical scale to the 12- hued subtractive pigment color wheel commonly used by artists and applies the principles of consonance and dissonance in musical intervals to their counterparts in color intervals. The main function of this paper is to put forth a paradigm that can be used by artists as a point of departure for their own explorations into the use of color as well as to create a possible method of analyzing works of art to understand why certain color combinations may work well together.
