As of the submission by team "BellKor's Pragmatic Chaos" on June 26, 2009 18:42:37 UTC, the Netflix Prize competition entered the "last call" period for the Grand Prize. Netflix is a data mining/Collaborative filtering optimization challenge where participants are challenged to device a recommendation system which can beat the Netflix owned world-class movie recommendation system: CinematchSM by an accuracy of 10% improvement.
In accord with the Rules, teams have thirty (30) days, until July 26, 2009 18:42:37 UTC, to make submissions that will be considered for this Prize. After this time period the submissions will be considered for the grand prize and the winning team will be awarded a cash prize of 1,000,000 US$.
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