This is what we will be making:
1. Open new project (Ctrl+N - File>New) :FileNew:
Paint your background black :PaintBucketTool: . Add a layer and call it "Splatter". Now add some splatter brushes with CustomBrushes Mini by Simon Brown in white color.
I think these are brushes i used.
Make a new layer which shall be called "Text Layer". Now wrote some text, somewhere 'round middle of that splatter. Then add some outline with Outline Object by pyrochild. Outline Object is not necessary!! Text shall be in some pinky color. You can bold it or something, if you want.
On Text Layer, make Gaussian Blur, around 10.
Now make another layer. Call it Text2 Layer or something. On that layer, write same text with same font but in white color. Run Gaussian Blur on 5.
Make another layer , call it Colors. Take Paintbrush Tool . Brush width on 'round 125.
Okay, now take red color and make a cricle which will cover part of splatter.
Repeat same step with some other colors (blue, orange, green...).
You must cover whole splatter.
On Colors layer run Gaussian Blur on...hmm...'round you get something like on next image. I've used 52.
(NOTE: I haven't use same colors on image 005 and image 006)
Go on your 4th layer (Colors) and set its blending mode on Overlay. Now go to image>flatten.
You now have something like this:
Some notices and advices:
How to use brushes:
Hope you like it!