Theatre Is Evil is the second studio album by Amanda Palmer, and first with her band The Grand Theft Orchestra. It was released on September 7, 2012 in Australia, on September 10, 2012 in the United Kingdom and Europe, and September 11, 2012 in the United States and Canada. The album has been released by Palmer's own record label, 8 Ft. Records, with distribution handled by Cooking Vinyl in the UK and Europe, and Alliance Entertainment in the US.

The album debuted at No. 10 on the Billboard 200 chart with 24,000 copies sold, according to Nielsen SoundScan, much of which can be attributed to her Kickstarter campaign.

The album was written over the four years since her solo debut album, Who Killed Amanda Palmer, in 2008. The recording and release process was funded by a Kickstarter project that raised a total of over $1.2 million.

An art book, filled with images inspired by the content of this album commissioned to artists Amanda knows, has been released.