We Are Marshall

We Are Marshall is a 2006 American historical drama biopic film directed by McG. It depicts the aftermath of the 1970 plane crash that killed 75 people: 37 football players on the Marshall University Thundering Herd football team, along with five coaches, two athletic trainers, the athletic director, 25 boosters, and a crew of five.

Is this statement correct "was the movie we are marshall based on a true story"?
yes