It was a successor to the former Wise Theatres company, co-founded by Sallie's husband, Marvin, and Merritt's Magic Amusement Co. It existed simultaneously with Galax Theatres, the company which operated the cinema houses. These related companies were sometimes referred to as the Wise interests or the Merritt interests. The company's business address was shared with the Empire Theater at 2012 3rd Avenue North.
Acme Theatres operated the following cinemas: