If You Liked This, Sure to Love That ( Free registration may be required).
The competition is really about coming up with a better collaborative filtering algorithm than Netflix's Cinematch. The discussion forum for the competition has open discussions on implementations and algorithms.
A scientist & his team from AT&T lead the top 10 performance leaders that Netflix maintains on this website.
The book Programming Collective Intelligence by Toby Sebaran from O'Reilly has more technical background material on this.
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