Transparent Text Box Over Video Creates Tunnel Through Video

I want to use a transparent text box over a video file so that the video is the background seen through text box.


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


Even though the transparent text box is on the top layer, I am not seeing the video as the text box background. It (sort of) makes a hole through the video and I can see the object underneath it, or if no objects, I see the title background.


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

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