This is one of the most famous Munich landmarks, the Glockenspiel tower on the new Town Hall. At 11am, noon, and 5pm the clock marks the time with a series of moving figures and a lovely song from the bell carillon. From this web site:

The figures perform the Schläffertanz or cooper's dance, which was originally performed in 1517 at the Marienplatz to commemmorate the end of the plague. On top of the dancers, figures hold a tournament, which was originally held in 1568 at the wedding of Wilhelm II and Renata von Lothringen in 1568.
The tournament includes a jousting match between an armored knight of France and Bavaria (whose horse is covered in blue-and-white diamond check patten of the Bavarian flag). After an initial pass, the Bavarian knight knocks the French from his horse (naturally!)

Glockenspiel tower
Glockenspiel tower