Fallout Theater | 96 followers on LinkedIn. Live Comedy & Training Center in the heart of downtown Austin, TX. Message us to learn more about corporate workshops | Fallout Theater is a live comedy venue featuring alternative stand-up, improv, and sketch shows 7 nights a week from local and traveling talent. It also has a full curriculum of improv and sketch classes that are open for registration year-round. Want to see how improv can impact your business?