Do, HXNguyen, NHNguyen, QMPNguyen, TVHTruong, C2024-08-092024-08-092024-10-01International Review of Financial Analysis, ISSN: 1057-5219 (Print), Elsevier BV, 95, 103501-103501. doi: 10.1016/j.irfa.2024.1035011057-5219http://hdl.handle.net/10292/17857Hollywood film releases attract U.S. investors' attention away from the financial markets. This is reflected in lower trading activity and abnormal Google search volume for firm names between film and non-film days. The resultant investor inattention leads to a significantly higher stock return comovement with the market on film release days. Interestingly, films with A-list star actors and blockbuster movies exhibit a more pronounced impact than their counterparts. Finally, we show that being aware of this Hollywood film-induced mispricing can yield an annualized abnormal risk-adjusted return of up to 13.5% within five days around the release events.© 2024 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).http://creativecommons.org/licenses/by/4.0/38 Economics3502 Banking, Finance and Investment3801 Applied Economics35 Commerce, Management, Tourism and Services1501 Accounting, Auditing and Accountability1502 Banking, Finance and Investment1801 LawFinance3501 Accounting, auditing and accountability3502 Banking, finance and investment3801 Applied economicsJournal ArticleOpenAccess10.1016/j.irfa.2024.103501