[hnsummary]

Article Summary:

Two researchers at HP Labs have discovered that you can use Twitter mentions to predict how well a movie will do in it’s first couple of weeks more accurately than any currently used methods. The researchers monitored movie mentions in 2.9 million tweets from 1.2 million different users over a three month period. The tweets were regarding some 24 different movies including Twilight: New Moon.

They used “buzz” to measure how the first weekend would perform and then used tweets with reviews from people who saw the movie to predict how well the movie would do in the second weekend.

This method was 97.3% effective at predicting first weekend performance which is better than the currently used Hollywood Stock Exchange which is 96.5% effective.

http://hnsummary.com/2010/04/02/twitter-predicts-box-office-...