Title screen of the game "If It Moves, Shoot It!" from 1989, developed by Emerald Software, published by Br酶derbund Software.
It shows a spaceship flying towards an explosion (maybe the result of the spaceship shooting an enemy vessel). The game's name if layered over the explosion in a very cool italic font.
The image shows the CGA version of the game (mode 4, palette 0, high intensity, with the colors black, light green, light red and yellow).