a “B movie” is something almost completely non-existent in today’s terms – publishers nowadays refuse to even invest in a project unless it’s a guaranteed blockbuster which is why so much of what’s currently on the screen is so excessively formulaic
“back in the day”, studios risked their budgets and tried out new ideas in the hopes of winning the box office – so you ended up with blockbusters as well as imported films and art/indie films and complete flops – but you ended up with a larger chunk of films sitting in that “in between” area, not blockbusters but also not obscure art house flicks – the stuff that was entertaining and fun and a good night out with friends, stuff that was so bad it was hilarious, stuff that didn’t hit immediately but developed a cult following later, stuff that filled the drive-ins on Friday nights, stuff that became the basis of in-jokes in Monday morning classes