diff --git a/examples/lib/stories/rendering/text_example.dart b/examples/lib/stories/rendering/text_example.dart
index 41fc17aab7c..074a26e19ac 100644
--- a/examples/lib/stories/rendering/text_example.dart
+++ b/examples/lib/stories/rendering/text_example.dart
@@ -1,6 +1,7 @@
 import 'dart:async';
 
 import 'package:flame/components.dart';
+import 'package:flame/effects.dart';
 import 'package:flame/game.dart';
 import 'package:flame/palette.dart';
 import 'package:flame/text.dart';
@@ -82,6 +83,37 @@ class TextExample extends FlameGame {
             margins: EdgeInsets.fromLTRB(10, 10, 10, 10),
           ),
         ),
+        TextComponent(
+          text: 'I fade in and fade out',
+          anchor: Anchor.topRight,
+          position: Vector2(size.x - 50, 20),
+          children: [
+            SequenceEffect(
+              [
+                OpacityEffect.fadeOut(
+                  LinearEffectController(1.5),
+                ),
+                OpacityEffect.fadeIn(
+                  LinearEffectController(1.5),
+                ),
+              ],
+              infinite: true,
+            ),
+          ],
+        ),
+        TextComponent(
+          text: 'I change my color!',
+          anchor: Anchor.topRight,
+          position: Vector2(size.x - 50, 50),
+          children: [
+            ColorEffect(
+              Colors.blue,
+              InfiniteEffectController(
+                LinearEffectController(1.5),
+              ),
+            ),
+          ],
+        ),
       ],
     );
   }
@@ -114,7 +146,7 @@ final _shaded = TextPaint(
 );
 
 class MyTextBox extends TextBoxComponent {
-  late Paint paint;
+  late Paint bgPaint;
   late Rect bgRect;
 
   MyTextBox(
@@ -136,25 +168,25 @@ class MyTextBox extends TextBoxComponent {
 
   @override
   Future<void> onLoad() {
-    paint = Paint();
+    bgPaint = Paint();
     bgRect = Rect.fromLTWH(0, 0, width, height);
     size.addListener(() {
       bgRect = Rect.fromLTWH(0, 0, width, height);
     });
 
-    paint.color = Colors.white10;
+    bgPaint.color = Colors.white10;
     return super.onLoad();
   }
 
   @override
   void render(Canvas canvas) {
-    canvas.drawRect(bgRect, paint);
+    canvas.drawRect(bgRect, bgPaint);
     super.render(canvas);
   }
 }
 
 class MyScrollTextBox extends ScrollTextBoxComponent {
-  late Paint paint;
+  late Paint bgPaint;
   late Rect backgroundRect;
 
   MyScrollTextBox(
@@ -167,16 +199,16 @@ class MyScrollTextBox extends ScrollTextBoxComponent {
 
   @override
   FutureOr<void> onLoad() {
-    paint = Paint();
+    bgPaint = Paint();
     backgroundRect = Rect.fromLTWH(0, 0, width, height);
 
-    paint.color = Colors.white10;
+    bgPaint.color = Colors.white10;
     return super.onLoad();
   }
 
   @override
   void render(Canvas canvas) {
-    canvas.drawRect(backgroundRect, paint);
+    canvas.drawRect(backgroundRect, bgPaint);
     super.render(canvas);
   }
 }
diff --git a/packages/flame/lib/src/components/mixins/has_paint.dart b/packages/flame/lib/src/components/mixins/has_paint.dart
index 48a0ce81744..5942900ff48 100644
--- a/packages/flame/lib/src/components/mixins/has_paint.dart
+++ b/packages/flame/lib/src/components/mixins/has_paint.dart
@@ -113,6 +113,7 @@ mixin HasPaint<T extends Object> on Component
   /// Shortcut for changing the color of the paint.
   void setColor(Color color, {T? paintId}) {
     getPaint(paintId).color = color;
+    onChanged();
   }
 
   /// Applies a color filter to the paint which will make
@@ -120,6 +121,7 @@ mixin HasPaint<T extends Object> on Component
   /// tinted with the given color.
   void tint(Color color, {T? paintId}) {
     getPaint(paintId).colorFilter = ColorFilter.mode(color, BlendMode.srcATop);
+    onChanged();
   }
 
   @override
@@ -131,6 +133,7 @@ mixin HasPaint<T extends Object> on Component
     for (final paint in _paints.values) {
       paint.color = paint.color.withValues(alpha: value);
     }
+    onChanged();
   }
 
   @override
@@ -158,6 +161,7 @@ mixin HasPaint<T extends Object> on Component
         layerPaint.colorFilter = filter;
       }
     }
+    onChanged();
   }
 
   /// Creates an [OpacityProvider] for given [paintId] and can be used as
@@ -189,6 +193,12 @@ mixin HasPaint<T extends Object> on Component
       includeLayers: includeLayers,
     );
   }
+
+  /// Can be overridden to react when the [paint] object
+  /// changed!
+  ///
+  /// Default implementation is a no-op.
+  void onChanged() {}
 }
 
 class _ProxyOpacityProvider<T extends Object> implements OpacityProvider {
diff --git a/packages/flame/lib/src/components/text_component.dart b/packages/flame/lib/src/components/text_component.dart
index 3ac38b8dfcb..30a9bb5760f 100644
--- a/packages/flame/lib/src/components/text_component.dart
+++ b/packages/flame/lib/src/components/text_component.dart
@@ -5,7 +5,8 @@ import 'package:flame/text.dart';
 import 'package:flutter/painting.dart';
 import 'package:meta/meta.dart';
 
-class TextComponent<T extends TextRenderer> extends PositionComponent {
+class TextComponent<T extends TextRenderer> extends PositionComponent
+    with HasPaint {
   TextComponent({
     String? text,
     T? textRenderer,
@@ -40,9 +41,13 @@ class TextComponent<T extends TextRenderer> extends PositionComponent {
 
   late InlineTextElement _textElement;
 
+  void _updateElement() {
+    _textElement = _textRenderer.format(_text);
+  }
+
   @internal
   void updateBounds() {
-    _textElement = _textRenderer.format(_text);
+    _updateElement();
     final measurements = _textElement.metrics;
     _textElement.translate(0, measurements.ascent);
     size.setValues(measurements.width, measurements.height);
@@ -52,4 +57,10 @@ class TextComponent<T extends TextRenderer> extends PositionComponent {
   void render(Canvas canvas) {
     _textElement.draw(canvas);
   }
+
+  @override
+  void onChanged() {
+    _textRenderer = _textRenderer.copyWithPaint(paint) as T;
+    _updateElement();
+  }
 }
diff --git a/packages/flame/lib/src/text/renderers/sprite_font_renderer.dart b/packages/flame/lib/src/text/renderers/sprite_font_renderer.dart
index a04a0f913cb..0f3b127d199 100644
--- a/packages/flame/lib/src/text/renderers/sprite_font_renderer.dart
+++ b/packages/flame/lib/src/text/renderers/sprite_font_renderer.dart
@@ -17,6 +17,13 @@ class SpriteFontRenderer extends TextRenderer {
     }
   }
 
+  SpriteFontRenderer.fromPaint(
+    this.font, {
+    required this.paint,
+    this.scale = 1.0,
+    this.letterSpacing = 0.0,
+  });
+
   final SpriteFont font;
   final double scale;
   final double letterSpacing;
@@ -56,4 +63,12 @@ class SpriteFontRenderer extends TextRenderer {
       ),
     );
   }
+
+  @override
+  TextRenderer copyWithPaint(Paint paint) {
+    return SpriteFontRenderer.fromPaint(
+      font,
+      paint: paint,
+    );
+  }
 }
diff --git a/packages/flame/lib/src/text/renderers/text_paint.dart b/packages/flame/lib/src/text/renderers/text_paint.dart
index c9b00070305..1202523cd83 100644
--- a/packages/flame/lib/src/text/renderers/text_paint.dart
+++ b/packages/flame/lib/src/text/renderers/text_paint.dart
@@ -54,6 +54,17 @@ class TextPaint extends TextRenderer {
     return _textPainterCache.getValue(text)!;
   }
 
+  @override
+  TextRenderer copyWithPaint(Paint paint) {
+    return copyWith(
+      (style) {
+        return style.copyWith(
+          foreground: paint,
+        );
+      },
+    );
+  }
+
   TextPaint copyWith(
     TextStyle Function(TextStyle) transform, {
     TextDirection? textDirection,
diff --git a/packages/flame/lib/src/text/renderers/text_renderer.dart b/packages/flame/lib/src/text/renderers/text_renderer.dart
index edb295ab0f6..1d442de8757 100644
--- a/packages/flame/lib/src/text/renderers/text_renderer.dart
+++ b/packages/flame/lib/src/text/renderers/text_renderer.dart
@@ -1,3 +1,5 @@
+import 'dart:ui';
+
 import 'package:flame/extensions.dart';
 import 'package:flame/src/anchor.dart';
 import 'package:flame/text.dart';
@@ -11,6 +13,8 @@ abstract class TextRenderer {
     return format(text).metrics;
   }
 
+  TextRenderer copyWithPaint(Paint paint);
+
   void render(
     Canvas canvas,
     String text,
diff --git a/packages/flame/test/text/text_renderer_test.dart b/packages/flame/test/text/text_renderer_test.dart
index 32c9e5e1ce7..3182c5f4318 100644
--- a/packages/flame/test/text/text_renderer_test.dart
+++ b/packages/flame/test/text/text_renderer_test.dart
@@ -37,6 +37,11 @@ class _CustomTextRenderer extends TextRenderer {
   InlineTextElement format(String text) {
     return _CustomTextElement();
   }
+
+  @override
+  TextRenderer copyWithPaint(Paint paint) {
+    return _CustomTextRenderer();
+  }
 }
 
 class _CustomTextElement extends InlineTextElement {
diff --git a/packages/flame_test/lib/src/debug_text_renderer.dart b/packages/flame_test/lib/src/debug_text_renderer.dart
index a5be123710e..c04f4aa9c54 100644
--- a/packages/flame_test/lib/src/debug_text_renderer.dart
+++ b/packages/flame_test/lib/src/debug_text_renderer.dart
@@ -25,6 +25,17 @@ class DebugTextRenderer extends TextRenderer {
 
   @override
   InlineTextElement format(String text) => _DebugTextElement(this, text);
+
+  @override
+  TextRenderer copyWithPaint(Paint paint) {
+    return DebugTextRenderer(
+      color: paint.color,
+      fontSize: fontSize,
+      lineHeight: lineHeight,
+      fontWeight: fontWeight,
+      fontStyle: fontStyle,
+    );
+  }
 }
 
 class _DebugTextElement extends InlineTextElement {