TextBox creates a perfectly sized, customisable shape behind your text that updates automatically.
Shape options (auto, square, circle)
Round corners option
Full transform controls to animate the box independently from the text
Works with 3D text and paragraph text
Compatible with motion blur
TextBox is perfect for saving time when working with text & shapes. Layer parenting is helpful but doesn't take into account things such as animated tracking. Parenting is even more cumbersome if you want matting as well. TextBox does all this and more in one convenient layer.
Animating text in and out
Adding stylish backgrounds to text
Creating lower thirds
Creating subtitles or closed captions
Limitations: TextBox is compatible with 3D text but won't take into account Z position. It does take into account X&Y position.
Compatible with AE versions CS6 and up, Windows & Mac.