She Creature (2001)
She Creature (originally billed as Mermaid Chronicles Part 1: She Creature) is a 2001 television film starring Rufus Sewell, Carla Gugino and Rya Kihlstedt and directed by Sebastian Gutierrez . It is the first in a series of films made for Cinemax paying tribute to the films of American International Pictures. The films in this tribute series reused the titles of old American International Pictures films, but are not remakes of the earlier films.
More at Wikipedia.