How Peter Pan Records escaped a lawsuit from Universal I don't know, I would say the cover art does its best to tie this record in with the hit film, wouldn't you?
Unlike the superhero and monster records, which are really goofy yet a total blast, these stories are, well, just pretty bad. The stories are ridiculously contrived, and the characterizations are silly beyond belief. Pretty much nothing could've lived up to Neal Adams' cover in terms of excitement, but the gulf between cover art and inside contents has never been greater on a Power Record.
The producer is listed as Arvid Knudsen, and the actors are the "Goldstar Repertory Group." Since none of these people are familar names to the rest of the Power Records' line, I wonder, were these stories(and maybe the even the unusual, educational-style back cover) done for some other purpose, years ago, and Power Records grabbed them up, slapped a new cover on it, and called it a day?
By the way--despite what the sleeve says, there is no story called "Worshippers of the Sharks." Sheesh!