Dynamic Text Arc in Actionscript

I need to take a textbox on the movie screen, fill it with text and then apply an acute arc to the text about the middle of the text.
All the help I have found so far has just been how to arc text like one of the arches on a McDonald’s sign. This has been great and has give me some ideas, but I can’t manipulate it to do what I want.

I am looking to arc the text like the static picture I have attached (which was done in photoshop) of the target arc I am going for.

Has anyone encountered this before?

If anyone cares to see the fla of what I already have thanks to a tutorial provided by Kirupa, I can post that as well.