It´s a French art festival in Reykjavik and this street theater Royal de Luxe are in town..
http://photos22.flickr.com/30272278_9055988b5d_o.jpg

it´s AMAZING
I was overwhelmed with it, felt strangely emotional with the whole thing.
The theater has it´s own band which was really good as well.
More pictures from the event here
http://www.rvk.is/desktopdefault.aspx/tabid-2243/