The expedition crew was composed of a Russian, American and Canadian who were operating off the Russian research ship Akademik Mstislav Keldysh. Footage of the wreck was obtained by two Mir submersibles, sometimes working together, that had been equipped with IMAX cameras and lights that generated 150,000 watts, capable of clearly lighting up the ocean floor.
In the film, Eva Hart comments that prior to the Titanic striking the iceberg, her mother had commented that calling the ship 'unsinkable' was "flying in the face of the Almighty."
The film holds a 60% approval rating on Rotten Tomatoes based on 5 reviews. Roger Ebert gave the film 3½ stars out of 4, stating the footage "achieve[d] a remarkable intimacy" with the Titanic's wreck, though also stating he would have liked to see more footage of the Titanic and less of the expedition crew. Margaret McGurk from the The Cincinnati Enquirer gave a positive review in 2000, particularly praising the detail and size of the footage, stating it was "an instance when the oversized Imax film format truly lives up to its potential." Edward Johnson-Ott from NUVO spoke favourably of both the footage of the wreck and the crew, stating the crew added "welcome humor while maintaining the dignity such an excursion demands."
Eva Hart, who had expressed concern about looting of the Titanic's wreck, commended the IMAX film, stating "The IMAX Titanic expedition weren't going down to plunder it. I think it's splendid."