Open a new file with 1024×768 px and 72 dpi.

Select then the next instrument

and create the background for the logotype to be next.

Blending Options-Gradient Overlay

Gradient’s parameters:

Create now a new layer having 4×4 px and 72 dpi and use the next shown instrument on it

to represent the basis for the textured cliché, colored in 9D9D9D.

Use then the indicated here instrument

and represent the lowest layer for the logotype to be.

Blending Options-Inner Glow

Blending Options-Gradient Overlay

Gradient’s parameters:

Blending Options-Pattern Overlay

Using the last used instrument, create the inside layer for the logotype colored in 9D9D9D.

Blending Options-Inner Glow

Take the following instrument

and create one more layer for the logo’s inside.

Click then on Ctrl +R and after that click on the left mouse’s button to select a vertical line and behind it a horizontal one.
Cross the layer on its central part. Apply the next instrument

and use it on the fourth part of the circle.
Paint it in the next shown color – FBE349.

on the layers

Copy this new made layer and make use of the Free Transform option to move the central mark to the logotype’s center.
Then turn the copy around its axle on 90 degrees. The color is 77B3FC.

Make two copies of the new made layer and turn them around the way we did earlier, but this time we should change the colors: the red one – F66537, the green one – 7FD72A.

(all the colors’ codes are indicated for Normal regime, for the Overlay regime the colors would be different).
The outlining of the circle may be done with the instrument from here

.
Using the next instrument

, create the middle part of the logotype.

Blending Options-Drop Shadow

Blending Options-Gradient Overlay

Gradient’s parameters:

Make use of the previous instrument to create a flare, the way it is shown below:

Fill 0% on the layers.
The Opacity must be of 85%.
Blending Options-Gradient Overlay

Gradient’s parameters:

Take now another tool

and draw a triangle colored with 3A3C97.

Select the same instrument and draw another flare inside the central circle of the logotype.

Fill 0% on the layers.
Blending Options-Gradient Overlay

Gradient’s parameters:

Take now a brush with blurred edges and big size and insert a kind of weak whiteness on the lowest part of the logotype

Write the logotype’s name:

(Windows Media Player)

(10)

(Microsoft ©)

The parameters are the same in all cases:
Blending Options-Drop Shadow

The final result!

View full size here.