Karaoke video making

[Jenjen]

Hi everyone,

I want to create a karaoke video (video w/ karaoke text on top of it). I have Adobe Premiere and other video editing s/w(s). In Premiere, i can add text on top of the video using it's transparency filters. The problem is having the text highlighted in sync with the lyrics of the song. Which of softwares (mtu or any other) can help me with this problem.
Also, I'm not exactly sure what cdg is.. but from what i picked up is that it is text created on solid background. Can i import this into Premiere?

Hope to hear some suggestions

J3nJ3n