Mega Shark vs. Giant Octopus Monster Mania!
For fans of giant monster movies your in for a treat… Mega Shark vs. Giant Octopus, a direct to DVD movie hits the shelves May 19, 2009. Watch the trailer above.
Imagine… Off the coast of California, an American submarine conducting maneuvers during a routine naval exercise. Two battling prehistoric monsters that have been awakened from a frozen state. The submarine is caught between. The submarine's crew races against time to survive and capture the two monsters before they can damage the coast.
Meet the monsters:

A giant octopus similar to the Kraken.

Megalodon: a gigantic, shark-like creature
Starring: Lorenzo Lamas, Deborah Gibson, Sean Lawlor, Stephen Blackehart
I don't expect this to be a great movie, or even a good movie but in the vein of monster movies I hope that it is craptastic.
Get your copy here from Amazon.