There will be a Netflix Prize 2

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.