The story follows Frank Bannister (Michael J. Fox), an architect who develops psychic abilities to communicate with ghosts after a tragic car accident that killed his wife. Instead of using his gift for good, Frank forms an alliance with three friendly spirits to haunt local homes so he can charge the unsuspecting residents for his "exorcism" services. His lucrative scam falls apart when a genuine, malevolent entity resembling the Grim Reaper begins murdering both the living and the dead. As the town begins to suspect Frank is behind the sudden rash of heart attacks, he must clear his name and find a way to stop the demonic killer.

*Two Cuts of the Film: Includes Original Theatrical Cut (110 minutes) and Peter Jackson's Director's Cut (123 mins), *Peter Jackson's 10th Anniversary Intro, *Feature Audio Commentary, *Theatrical Trailer, *"The Making of The Frighteners" Documentary