The term 'Cannon of Film' refers to the body of work produced by the film production company Cannon Films, which was founded in 1967 by Menahem Golan and Yoram Globus. The company was known for producing low-budget films, often with a focus on action and martial arts. One of their most famous films is the 1985 classic 'Karate Kid'. The crossword solution for this term is DYAN, which is an acronym for the founders' names: Menahem Golan and Yoram Globus.