This is Neil Hunt, Chief Product Officer at Netflix.
To everyone who participated in the Netflix Prize: You've made this a truly remarkable contest and you've brought great innovation to the field. We applaud you for your contributions and we hope you've enjoyed the journey. We look forward to announcing a winner of the $1M Grand Prize in late September.
And, like so many great movies, there will be a sequel.
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.
While the first contest has been remarkable, we think Netflix Prize 2 will be more challenging, more fun, and even more useful to the field.
Stay tuned for more details when we announce the winners of Prize 1 in September.
So any of you that were eager to get involved stay tuned for more information.