For the abstract debris effect, we'll be using render pack no.2 image. Place the image as smart object, adjust its size and position (make sure it is positioned between vinyl plate layer and megaphone layer group.
Place musical note image as smart object. Position it on top right of the canvas and then change the blend mode to multiply to hide white background in the layer.
Shift into Adobe Illustrator, create New Document. Any paper size will be OK, but i prefer Letter sized paper for this work..
Draw two circles using the Ellipse tool ( hold [Shift] while drawing ellipse to get a perfect circle ). Select both circles, center align it by clicking the Horizontal align Center and Vertical Align Center button.
Go to Object> Blend> Blend options menu. Select Spacing: Specified Steps, and insert steps value (in this example, the number of steps is 8). Click OK to confirm. Press [Alt] [Ctrl] [B] to apply the make blend command.
Duplicate circle until you get 3 similar circles. Arrange it vertically, and vary the size for variation purpose.
Select all circles, copy it to clipboard by pressing [Ctrl] [C].
Back to Photoshop, press [Ctrl] [V] to paste circles from the Illustrator. Photoshop will ask the format to paste, select Paste As: Pixels, click OK. Adjust circles size and position as shown in the image example below.
Press [Ctrl] [I] to invert circles color, and then change the layer blend mode to Screen.
Duplicate circles layer, place it on the left side between microphone, vynil plate and speaker box.
Back to Illustrator, delete circles until only 1 circle left. Go to Object> Blend> Expand menu. What does Expand command does? Well, here is a short description from adobe website that explain it: Expanding objects enables you to divide a single object into multiple objects that make up its appearance. For example, if you expand a simple object, such as a circle with a solid-color fill and a stroke, the fill and the stroke each become a discrete object. If you expand more complex artwork, such as an object with a pattern fill, the pattern is divided into all of the distinct paths that created it.
Now go to Object> Live Paint> Make or simply press [Alt] [Ctrl] [X]. This will prepare circle object for a live paint works.
Grab the Live Paint Bucket tool. Set fill color to red, then start to fill circles into red and white stripes like shown in the image example below.
Use the selection tool to select all circles, then set the stroke color to red. Press [Ctrl] [C] to copy it into clipboard.
Back to Photoshop, paste the red striped circle by pressing [Ctrl] [V] and select paste as: pixels. Place the red striped circle on the left bottom of speaker box.
Using the Type tool, start creating "MUSIC" text. Choose font type as you like, but for maxikum result i suggest you to pick a bold font, for example the "gill sans ultra bold".
With the text still selected, go to Effect> 3D> Extrude & Bevel menu. Inside the 3d Extrude & Bevel options, adjust the 3d look as you like. I manually set the horizontal and vertical axis value to 5, Perspective: 45 and Depth: 100pt. Click Ok to confirm.