In April 1968, Intermountain Theatres announced plans to divide the Utah Theatre into the state's first two-screen theater complex. The original auditorium, which seated 1765, was divided by adding a floor from the balcony to the proscenium arch. The new upper-level theater was known as the Penthouse and included the rows of balcony seating and the original, ornate ceiling.
The Academy Theater was built in the late 1930s by Joseph L. Lawrence
and David K. Edwards, who also built the Villa, Southeast, and Murray
Theaters in the Salt Lake area. The building may have been a skate rink
or the main office of a utility company before it became a theater. Carmike
Cinemas closed the theater on 10 September 1998 after opening a new 12-plex
in the same general area.