In this tutorial, you'll learn why they look deformed and how you can properly create text along a curve without deforming the letters.
Read more at http://www.photoshoptutorials.ws/photoshop-tutorials/basics/quick-tip-correct-create-curved-text/#S6hOUSBUY152bCRj.99
A tutorial to correct how that text comes out looking bunched together and uneven. Making sure that banner that's curved looks aligned and good is what matters.