Indie

However, Reeves's choices after A Walk in the Clouds failed with critics and audiences. Big-budget films such as the sci-fi action film Johnny Mnemonic and the action-thriller Chain Reaction were critically panned and failed at the box office, while indie films like Feeling Minnesota were also critical failures. Reeves finally started to climb out of his career low after starring in the horror-drama The Devil's Advocate alongside Al Pacino andCharlize Theron. 

Indie films are produced by small independent companies rather than by major studios. (mainly BRIT)

If something such as a film or a book is panned by journalists, they say it is very bad. (INFORMAL)