Circle-like text transformation

[Dumdaradom]

So what I'm trying to do is kinda hard to explain, but I've made this concept image to help me express myself better... Please take a look on it:

ht tp://img843.imageshack.us/img843/3998/concept2k.jpg

Basically, I have a text and I want it to "circulate" around a certain point, with perspective and readibility as demonstrated on the picture.
Does anybody know how could I do this?

 

[hawkeye]

Like this?

 

[Dumdaradom]

Yeah, almost exactly! Only with perspective, so it seems like the text is coming out of the middle.
How did you do that?

 

[hawkeye]

It all depends on the text, if you are repeating the same text like I did let me know and I'll explain it, otherwise:

Try using text-warp-arc.

If you want more perspective, rasterize the type first and change the perspective then use transform in the warp mode (icon far right top).

You will have to do it in segments if you want go 360°, but it can be done.