Help on a file

Hey everyone! can someone please help me figure this out, I am a AE noob and there is this black ring on the logo that appears when I insert it into the TITLE REVEAL

here is the link to the file:

here is a link to the black ring:

https://imgur.com/xRIDznA

you can see it clearly in the R and the A

can someone please tell me what is this black ring! I cnt figure it out