Wizards of the Demon Sword is a 1991 film directed by Fred Olen Ray and starring Russ Tamblyn.

[1][2] Ulric's (Russ Tamblyn) daughter unites with warrior Thane (Blake Bahner) against evil Lord Khoura (Lyle Waggoner), who covets the knife of Aktar.

Fred Olen Ray says the film has its genesis with sets left over from Roger Corman's The Masque of the Red Death.

Ray decided to make another movie Bad Girls from Mars.

[4] According to Ray, Demon Sword "tanked financially" in part because the film wound up at Troma who "ripped him off".