Newzbin is no more after losing a battle with the courts. They have now been put into administration because they couldn’t pay their debts. I always said the subscription to the site was too low. It was ridiculously low (as in £2 for 8 weeks worth of downloads).

Word is that they owe the Motion Picture Association (MPA) £230,000 just in interim costs, and that’s without a full costs ruling or a decision on damages. Apparently they also owe a software development house over £500k. 🙁

Newzbin is one of the original Usenet indexing sites and the creator of the immensely-popular .NZB format, which opened up simplified Usenet downloading to the masses.

While the major BitTorrent sites were in Hollywood’s spotlights as the major source of copyright infringement, Usenet sites such as Newzbin remained untouched.

This changed, however, when the MPA, the MPAA’s big brother, sent a threatening letter to the site’s operators in 2008.

This letter was followed by an official announcement of a lawsuit against the Usenet indexer early 2009. The case eventually went to the High Court in February of this year where Newzbin was found liable for copyright infringement.

Let’s hope a clone site can open in it’s place soon else websites such a Giganews and Grabit will suffer as a result.