Panel with MovieMaterial content masked?

I have created a MovieMaterial and I placed it in a panel. By default the MovieMaterial is 106x76 and I have set animated = true on it. When my carousel rotates to a specific plane a swf is loaded into the MovieMaterial and I call gotoAndPlay('in') on the loaded swf. The animation plays but since the animation goes larger than 106x76 it is cropped. I am trying to get the effect of the animation busting out of the panel/material. How can I turn off the masking on the panel, or is the material masked? I have set allowAutoResize to true, and have tried almost every property and method available, what am I missing?

Thanks in advance for your help.