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Maori, in the current 3.x versions, no. This is going to be a V4 feature. #Carbonite

Create a material and use a feathered targa or png. On layer one of your material, go to blending, source factor=zero. Apply this to a quad and use this object in your Scene group. Make sure it's Z position is greater than your crawl text. This should get you the look your going ...

Hi Anthony, Uncompressed Quicktime or AVI will work great. #XPression

Hi Sam, Material Manager >New Material >Select Texture 2D from the shader selection >select your "Mask" image (something with an alpha dissolve to it.) >Layer 1 of your material >Blending >Change source = ZERO This will make that image a mask ...