芝居 is read as しばい (shibai) and means play.
しばい
shibai
しばいごや
playhouse
しばいぎ
theatrical
しばいっけ
striving for effect
しばいをうつ
to play a trick
しばいずき
theatergoer
しばいのすじ
plot of a play
しばいぢゃや
tearoom attached to a theater (esp. in kabuki)
しばいがかる
to be affected
しばいもの
actor
かみしばい
kamishibai
ひとりしばい
one-person show
どうけしばい
farce