It was written by Dean Devlin, Bryan Singer and Rockne S. O'Bannon, directed by Craig R. Baxley, and produced by special effects experts Volker Engel and Marc Weigert, together with Kelly Van Horn, for Devlin's and Singer's production companies Electric Entertainment and Bad Hat Harry Productions, the BBC, and Engel's and Weigert's production company Uncharted Territory.

A shipping company employs a team of four people (a journalist, a psychic, a meteorologist, and an oceanographer) to discover the secret of the Bermuda Triangle.

With the help of a Greenpeace survivor and a tycoon they ultimately find out the truth about a high-tech underwater facility operated by the United States Navy and its relation to the Philadelphia Experiment, determining that the Triangle is a wormhole.

They close the Triangle, destroying it forever, but their efforts at closing the wormhole also disrupt time and cause the Triangle never to have existed in the first place, with everyone who was taken being returned and living out their lives as though nothing had ever happened.

In the new Triangle-less timeline the only ones who know the Bermuda Triangle ever existed are the team members who destroyed it.