Create a new file with 500x400 px and 72 dpi. Choose this tool and stretch it out on the entire file.

Create Futuristic MP3 Server Web Layout in Photoshop CS

Use Blending Options and set the adjustments from the next picture.

Create Futuristic MP3 Server Web Layout in Photoshop CS

Start representing the first element of our illustration.
First we should select this instrument
and draw a circle. Fill 0% on the layers.

Create Futuristic MP3 Server Web Layout in Photoshop CS

Set next adjustments in the Blending Options.

Create Futuristic MP3 Server Web Layout in Photoshop CS

Create Futuristic MP3 Server Web Layout in Photoshop CS

Create Futuristic MP3 Server Web Layout in Photoshop CS