It looks lie it's projected onto a curtain as is, which is not quite right.

what you need to do is find a png version of the martix text effect, or make your own, which would be better anyways. you can find a font that fits and just make a few vertical paths and have the type follow the paths. do at least three layers of the text.

then you should load the selection of each layer, and use it to make a mask for the laughing man logo. go ahead and make three layer of the laughing man logo, each on top of the matching text layer mask.

for the bg, make a layer with a horizontal stripe pattern. a very tight striped pattern, just use a pattern overlay for it. flatten that so the stripes are part of the layer, not just a layer style. use the magic wand to select all the white and delete it. then duplicate the layer.

on the new layer, add a little guassian blur, and off-set it from the top layer by selecting the move tool, and tapping the down arrow a few times. lower the opacity on this layer.
create a layer on the bottom and fill it with black, or a subtle gradient, and add noise to it. use monochrome.

i don't know if this will work, just kinda making it up as i go, without trying it out, but you should be able to set the text to a mode like linear dodge, or overlay, and get a cool matrix like effect with all these layers.

all in all, not so bad, that's only nine layers, and the most work intensive is making the text layers. should only be a few hours of work.