November 11, 2006
Netflix Prize
The Netflix Prize seeks to substantially improve the accuracy of predictions about how much someone is going to love a movie based on their movie preferences. Improve it enough and you win one (or more) prizes.
The Grand Prize is $1,000,000. To qualify for the Grand Prize, there must be at least a 10% improvement over Netflix's current Cinematch system. To keep things interesting, in addition to the Grand Prize, Netflix is offering a $50,000 Progress Prize each year the contest runs. It goes to the team whose design shows the most improvement over the previous year’s.
The Contest entry period commences on October 2, 2006 (00:00:00 UTC) and continues until the Grand Prize is awarded (the "Contest Term"). No additional registrations or Contest submissions of qualifying set predictions will be accepted after the close of the Contest Term. Netflix reserves the right to cancel the Contest after October 2, 2011 in its sole discretion.
Posted by richard ting at November 11, 2006 04:52 AM