Watch FilmoFlix. There was a time when the Italian film industry copied American models and reaped huge profits. In 1981, a transalpine production company dared to make an exploitation version of Jaws and Jaws 2, while Universal was preparing the third official installment. The Last Shark was successfully released in several countries with the title Jaws 3 or The Last Jaws, making a huge impact, but in the United States it instantly got sued, sparking an epic conflict between Jaws.