The team behind the San Andrea Quake, Asteroid vs Earth, Sharknado series, Mega Shark Versus Crocosaurus and the Sharknado series have a new masterpiece on the way. Is your brain ready for PLANET OF THE SHARKS!?
Yep a real film made with real money, but not a lot of it. The Asylum produces around 10 films a year, each with a budget of under one million dollars and they pride themselves on never making a film that has lost money.
It's a heck of a business model, mostly founded on making cut price alternatives to major blockbusters. And given how expensive the real films are and how often they bomb, maybe it's a model that more studios should look into.
Planet of the Sharks doesn't have any recognisable stars and the premise makes no sense (why not just stay indoors where there is no water?) but hey someone is going to watch it!