Miles Copeland III, the son of CIA officer Miles Copeland Jr., played many roles in the U.K. punk rock and new wave music industry of the middle to late 1970s: agent, manager, producer, magazine publisher, record company and label owner. His brother Ian was the head of a talent agency, Frontier Booking International (F.B.I.), while his brother Stewart played drums for The Police, a band that Copeland managed. The Police's first album was released on A&M Records in 1978 with a hit single, "Roxanne", that Copeland called a turning point in his life.[3]
Building on success with the Police, Copeland convinced Jerry Moss, co-owner of A&M, to establish the I.R.S. division in 1979. I.R.S. stood for International Record Syndicate.[4]
From 1983 to 1987, I.R.S. Records sponsored a monthly MTV show called I.R.S. Records Presents The Cutting Edge, hosted by Peter Zaremba of The Fleshtones. The series concentrated on bands that recorded for the label. The show concept would later evolve into the alternative rock program 120 Minutes, which was launched in 1986 and co-existed with Cutting Edge for about a year and a half.
I.R.S. releases were distributed by A&M until 1985, then by MCA Records until 1990, and by EMI until the label folded in 1996. In 1985, Copeland brokered a deal to switch the label's distributor to MCA Records. Under the agreement, A&M continued to release the label's pre-1985 catalog, much of which still can be found under the A&M banner. Copeland sold the I.R.S. music publishing to Rondor Music in 1995.[5]
The label folded in May 1996, with its last release being All Set by Buzzcocks, issued two weeks before the closure. Shortly after, Copeland formed Ark 21 Records.
Faulty Products was the UK holding company for I.R.S. Records of the UK record labels set up by Copeland. It included Illegal Records, Deptford Fun City Records and others. Faulty Products was also an American independent record label and distribution company for other indie labels between 1980 and 1982. Faulty handled artists (such as The Bangles) that did not go through I.R.S.'s distribution deal with A&M.
Illegal Records was set up by Miles Copeland with his younger brother Stewart and the manager of The Police, Paul Mulligan.[8] The label released The Police's debut single, "Fall Out". Deptford Fun City Records was set up by Miles Copeland in the late 1970s as an outlet for Deptford, England bands such as Alternative TV and Squeeze.[8][9]
I.R.S. No Speak, also known as No Speak Records, was set up as an all-instrumental imprint of I.R.S. in January 1988. It released albums by Stewart Copeland, Wishbone Ash, and William Orbit.
Tribal America was a label run by Rob DiStefano that was distributed by I.R.S. from 1991 until IRS folded in 1996. It concentrated on house music, a type of electronic dance music. The most prominent releases on its roster were by the production team Murk and also the song "So Get Up" an iconic vocal poem by Californian author/songwriter Ithaka Darin Pappas, backed by the Progressive house sounds of USL from Lisbon, Portugal.[10] DiStefano went on to found Twisted America Records.