The story of SHARKS' TREASURE is simple enough: four guys look for sunken treasure in the Caribbean sea. They have fun and the occasional quarrels while looking for the treasure. Midway into the movie, a bunch of escape cons (or pirates) hijack the boat and its crew and forces the foursome to continue on with the search while they eat their food and hide on the boat. Eventually, the original crew makes a pack with one of the ex-cons and they escape and a cat & mouse chase occurs on a nearby island.

SHARKS' TREASURE is not a great film by any means. But it's not a bad film too. It's hopelessly average. The direction, by Cornel Wilde, is competent, with some nice camera-work here and there but it's really uninspired and looks like a TV movie of sorts for most of the film, until the climax at the beach which was well made: we see the men trying to escape the gang of ex-cons with just the sound and image of the roaring waves crashing on the beach. No music. Nice.

The big problem with the film is the limited space of the boat and the really corny acting by Cornel Wilde. The acting by everyone else was good, with Yaphet being the stand-out here but Cornel's acting belongs in the 1950s, not a film made in the gritty 1970s. He stood out more often than not as a sore thumb. To make things more annoying, Cornel (the director/actor) filmed himself prominently, really wanting to impress god knows who that he was still in great shape at his then old age. Fortunately, the film never becomes a total vanity project for Cornel but it sure comes close to it. And the other annoying thing about the film was the song. It's probably the worst song I've ever heard in any film. Extremely corny. The ending is also corny: after everything they went through, you'd think they wouldn't go back looking for the treasure. Aside for those weak points, the film was OK.

I watched SHARKS' TREASURE on a specialty satellite channel from beginning to end without changing channels, which should tell you that it held my attention for 90 minutes, which is more than I can say with majority of movies I watch.