[3] Söngvakeppnin 2015 was the national final format developed by RÚV in order to select Iceland's entry for the Eurovision Song Contest 2015.

[5] The final was also broadcast via radio on Rás 2 and streamed online at the Eurovision Song Contest official website eurovision.tv.

The top three songs from each semi-final, as determined by public televoting qualified to the final which took place on 14 February 2015.

According to Eurovision rules, all nations with the exceptions of the host country and the "Big Five" (France, Germany, Italy, Spain and the United Kingdom) are required to qualify from one of two semi-finals in order to compete for the final; the top ten countries from each semi-final progress to the final.

[12] On 26 January 2015, a special allocation draw was held which placed each country into one of the two semi-finals, as well as which half of the show they would perform in.

[13] At the end of the show, Iceland was not announced among the top 10 entries in the second semi-final and therefore failed to qualify to compete in the final.