How do I simulate karaoke text effect in Blender?

Well what I really want to do is change my wolverine from blue to gold… :wink:

Thanks blenderallday for going the extra mile and posting the .blend file and the detailed post. By the time I saw your response I was already neck deep in a ridiculous workaround involving transparent planes, text converted to meshes, and boolean difference modifiers, so I finished the project that way to meet a deadline rather than start over.

And thanks Kaluura for taking it to the next level. Next time I will definitely use Cycles. So much easier and straightforward. I’m not familiar with it at all, but it’s obviously time to learn.