This announcement is three weeks old and doesn't contain any details about the second competition (which hasn't started yet). It just says there will be one eventually, it'll run for half as long, and details are coming next month.
Actually the post says it will run for a period of time shorter than half of the length of the first contest which could have run for 5 years (10/2006 - 10/2011).
From the post...
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.
Another interesting thing from this is that it sounds like they will be awarding grand prizes for the best entry at set deadlines. In the first contest you had to improve on Cinematch by 10% to qualify to win the grand prize.
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[ 3.2 ms ] story [ 23.0 ms ] threadFrom the post...
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.