Warner Bros. has just acquired the rights to an original spec script by screenwriter Daniel Kunka called The Bermuda Triangle. There's not much information on the plot of the film, but they are looking to turn it into an action franchise. As the film's title suggests, it will center on the legendary supernatural phenomenon that is supposedly the cause of several ship and plane disappearances over the years.
I enjoy reading about the history of these kinds of supernatural mythologies, and I bet this could turn out to be a cool film if they don't turn it into something over-the-top and stupid.
The film is being developed over at Atlas Entertainment and Madhouse Entertainment with Charles Roven and Richard Suckle producing.
Source: Deadline (http://www.deadline.com/2013/04/warner-bros-buys-daniel-kunka-spec-the-bermuda-triangle/)