In the course of the development of Taiwanese opera, indoor commerical performance plays an important role. There are many reasons to explain the rise and fall of this type of performing art. However, as merchandise consumed by theatre-goers, Taiwanese opera was destined to be restrainted by economic force and popular culture. The characteristic of ll1erchandise economy is to meet the balance of the rules of demand and sup ply, while that of popular culture is its short term popularity. The demand of the merchandise is decided by its popularity, and the popular culture is definitely favored by consumers. The other way around, this kind of performing art must fade away. Taiwanese opera was one of the best merchandises at that period when it had to compete against other theatre troupes such as traditional operas imported from Mainland China, the Taiwanese spoken drama, miscellaneous show mixed with songs and dances, as well as Mandarin, Taiwanese and foreign films. However, Taiwanese opera was eventually surpassed by other performing arts, and was forced to retreat entirely from the commercial theatres. The aim of this paper is to examine the theatre advertisements appeared from 1946 to 1961 in Chunghwa Daily News, launched in Tainan city on February, 20th, 1946, in order to discuss the reasons for the rise and fall of Taiwanese opera in the period and the influence of other types of performing arts by way of analyzing the contents of advertisements and presenting solid related evidences. It is expected that certain contributions can be achieved in the study of Taiwanese opera.