The film is also produced by Nowlin, alongside Ridley Scott, Wes Ball, Courtney Solomon and Mark Canton.
It was released on April 21, 2017, to negative reviews, with many critics unfavorably comparing it to The Blair Witch Project.
On March 13, 1997, the family witnesses the Phoenix Lights during Sophie's 6th birthday party, with Josh recording the incident.
Several strange lights appear in a "V" formation over the city before disappearing, followed closely by fighter jets.
Hoping to find answers to her brother's fate, Sophie begins reviewing all of Josh's saved videotapes.
Ashley and Josh interview two astronomers, who theorize that the lights were flares dropped by jets from the nearby Luke Air Force Base.
Hoping to capture the lights on film and in better quality, Josh, Ashley, and Mark drive to Mesa.
Upon arrival, the trio climb a hill on the outskirts of the town before noticing a spotlight in the distance facing sky-ward.
The next day, Josh plots the apparent course of the lights, determining they will soon appear over an isolated area of the desert.
Sophie views the recovered tape, showing the beginning of the group's journey to find the lights and discovering a charred animal corpse.
Sophie and Dan visit the local high school, where Ashley was a film editor and would have had access to such equipment.
She returns to Phoenix and receives a box that had been mailed to the school several years prior before being placed in storage.
As they walk, Mark begins showing severe symptoms of an unknown illness, including a nosebleed, fever, and disorientation.
Josh then captures the source of the light, revealed to be an alien craft appearing as several concentric, rotating rings.
Josh begins to scream as the craft removes the roof of the house, then also quickly lifts him off the ground abducting him in a flash before the camera cuts out.
The closing captions indicate that the government denies any connections between the Phoenix Lights and the trio's disappearance.