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Z movie
The term Z movie (or grade-Z movie) is used by some to
characterize low-budget pictures with quality standards
well below those of most B and even so-called C movies.
Most films referred to as Z movies are made on very
small budgets by operations on the fringes of the
commercial film industry. The micro-budget "quickies" of
1930s fly-by-night Poverty Row production houses may be
thought of as Z movies avant la lettre.

Glen or Glenda (1953)
The films
of director Ed Wood, such as Glen or Glenda (1953) and
Plan 9 from Outer Space (1959)—frequently cited as one
of the worst pictures ever made—exemplify the classic
grade-Z movie.
Latter-day Zs are often characterized by
violent, gory, and/or sexual content and a minimum of
artistic interest; much of this product is destined for
the subscription TV equivalent of the grindhouse.
B Movie - Psychotronic movie
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