CrossBones (2005)

An Incredible Treasure. A Terrifying Curse.

A group of people decide to be a part of a reality television show based around a treasure hunt on an island. Whichever contestant is lucky wins the ultimate prize. Unbeknownst to the contestants, an ancient curse from the ghostly pirate Red Beard exists on the island. They unwittingly unleash the curse which results in a bloodbath.