Actually... I came up to this when I was thinking about making an "automatic marquee builder" for my NEVATO theme - using wheel and a fanart. But I've got carried away
But here's what you can do without breaking a sweat:
- wheel art with bloom shader on 45% opacity
- wheel art with 45% opacity
- "led array" png transparent mask
- fanart or flyer fit-to-width
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This is something that even I can code - with my excellent code-copy-and-paste skills.
The animation is made with video post production software.
But if you are willing to handle the REAL coding - it can be push much further than my example above. I'm sure that it can be more-or-less recreated with coding - it's just a bunch of pretty simple transitions like scale, move, fade in, fade out - just stacked together nicely.