The Evil Below
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The Evil Below is a 1989 horror film about an adventurer who goes hunting for treasure on a cursed shipwreck.
Starring actors included Paul Siebert and June Chadwick.
It is one of many underwater-themed movies released around 1989, including The Abyss, Leviathan, Deepstar Six, Lords of the Deep, and The Rift (Endless Descent).