Need Help With Designing Something...

Okay, so usually I'm pretty resourceful with Photoshop and can figure out some way to do it, but with this, I can't.
What I'm looking to do is create something like this picture:
(I guess I can't post URLs...the picture is an album cover. Drake's "Comeback Season" It's him in a black pea coat with DRAKE above his head. That DRAKE is what I'm looking to replicate.

I want the black box with the letters essentially cutting out the box with the picture going over the letters. Just like on the album cover.

Help would be GREATLY appreciated!

i'd probably just create a black bar, create the text then select it and delete that selection from the black bar.

You can go KillerWolf's route, or for non-destructive methods, look up 'add layer mask'.