This is all done in Photoshop.

When you start your composition remember to start with a transparent background. This is evident from the grey and white checkerboard patter over your image.

Paint/draw/import whatever you want into it. In the layers palette, select any layer and slide the opacity control to 50%.

Do this to any layer you like.

Save the file as a PSD.

Import the PSD into Premiere. you can either preserve the layers or not. Either way, the image will have transparent areas (as long as you left some) and when placed on top of a video layer you will see the video layer through the transparent areas.

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