How can I make a transparent Text Box over Video or Falsh files?

mindcell Community Member Posts: 25
I want to use a text box over video and flash files, however even when transparancy is set the backgrounds appears white.

The white is actually the color of the title background.

Even though the Transparent text box is on the top layer, it is not using the video or flash file as its background. It (sort of) makes a hole throught the video or flash file so I see title background.

I want the bkgnd of my text box to be the video file because it is moving water.

Is it possible to make a transparent text box over a video or flash file without making it transparent through the video itself.