Consider the following two files.
Background:
Background with some content on top:
How do I get a flat image that is content-background? ie. the result should be white text with the blood stains on a transparent background.
The underlying issue that I am trying to solve:
The layers "Layer 27 copy 3" and "Layer 55" (the blood stains) use "multiply" blending mode, therefore simply merging these with the text will result in:
Copy merged
, then paste (make sure a visible non-locked pixel layer is selected when you Copy Merged). So if, for example, you try Scott's answer but the Merge Visible step messes things up, try substituting Copy Merged instead then carry on as before.