Color is not claimed as a feature of the mark.
The mark consists of the words "Smoke & Mirrors Magic Cabaret" in stylized text, with the word "Smoke" distorted as if it were made of smoke, and the first "R" in "Mirrors" reversed so that it is a mirror-image of the second "R;" the ampersand ("&") is Red, the letters "m," "o," "i", "o" and the words "Magic Cabaret" are in various values of gray; black bars appear above and below the words "Smoke & Mirrors" with the ampersand ("&") bisecting the upper bar and the words "Magic Cabaret" interrupting the lower bar.
SMOKE AND MIRRORS MAGIC CABARET