The penalty for the late filing of a release for video purposes can vary depending on the jurisdiction and specific circumstances. In some cases, there may be no specific penalty, but it could result in legal and financial consequences. For example, if the release is required as part of a contractual agreement, late filing could lead to a breach of contract, which may incur penalties like monetary damages or termination of the contract. If the video involves the use of someone's likeness or personal information without their consent, late filing could potentially lead to legal actions for privacy invasion or infringement of their rights. This might result in the payment of damages, injunctions, or other legal remedies. It is important to note that the specific penalties and consequences would be governed by applicable laws and regulations in the relevant jurisdiction. Consulting with a legal professional or expert in the specific jurisdiction would provide more accurate and detailed information regarding the penalties for late filing of video release.