Yes, this is just the first in the Sharktopus saga, followed by Sharktopus vs. Pteracuda and Sharktopus vs. Whalewolf, all produced by Roger Corman for SyFy.
In Caribbean folklore, the Lusca is a type of sea monster said to exist near Andros, an island in the Bahamas, that is half dragon, half octopus. That’s what inspired S-11, an intelligent shark with the arms of an octopus because, well, science. The science of Dr. Nathan Sands, who is played by Eric Roberts, so instantly this movie has won me over.
This is also a shark with a computer brain and no sense of paternal love, so you know that it’s going to make a meal of the man who once contended for Oscars and now appears in every streaming movie released that Nicholas Cage refuses.
Sharktopus was directed by Declan O’Brien, who made the sequels for The Marine, Wrong Turn and Joy Ride.
Speaking of science, Sharktopus has tentacles instead of fins. So how does it get thrust in the water (also, I have no idea what Sharktopus’ pronouns are, my apologies)? After all, octopi — thanks to an intrepid IMDB user for pointing this out — use the siphon under their heads to push themselves through the ocean. Also, sharks — contrary to the psychic monster in Jaws: The Revenge — cannot make barking noises. They also have gills to breathe underwater, but Sharkopus spends most of its time on land.
You can watch this on Tubi.