The only "true events" of the real-life Satanic Panic of the 1980's are that a bunch of charlatans made a lot of money selling fear, and a bunch of innocent people (mostly day care workers) went to prison for crimes they didn't commit. It was all rumor, innuendo, and outright lies, just like the witch panic in Salem. To make a movie suggesting there was any truth to such nonsense, especially when there are still innocent people fighting to have their wrongful convictions overturned, is reprehensible.
As for the movie itself, it's extremely poorly made and not worth watching.
As for the movie itself, it's extremely poorly made and not worth watching.