Netflix Prize Sequel: A Sprint instead of a marathon

Neil Hunt, Chief Product Officer at Netflix announced in the forum that they will launching a sequel to the very their successful recommender competition.

The advances spurred by the Netflix Prize have so impressed us that we’re planning Netflix Prize 2, a new big money contest with some new twists.

Here’s one: three years was a long time to compete in Prize 1, so the next contest will be a shorter time limited race, with grand prizes for the best results at 6 and 18 months.

Stay tuned for more news in September after they formally announce the winner of round one.