Excited at Bill Paxton orbiting moon in style of film (14)

I believe the answer is:

blaxploitation

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'style of film' is the definition.
The definition suggests a singular noun which matches the answer.

'excited at bill paxton orbiting moon' is the wordplay.
'excited' is an anagram indicator.
'orbiting' means one lot of letters goes inside another.
'moon' becomes 'Io' (moon of Jupiter).
'at'+'bill'+'paxton'='atbillpaxton'
'atbillpaxton' anagrammed gives 'blaxploitatn'.
'blaxploitatn' going around 'io' is 'BLAXPLOITATION'.

'in' is the link.

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I've seen this clue in The Independent.

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