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Founded by Miles Copeland III (brother of the Police drummer Stewart Copeland and music promoter Ian Copeland) and Jay Boberg.
Closed in 1996.
In 2011, Crush Management (Jonathan Daniel and Bob McLynn) together with EMI Music North America revived the iconic label with the signings of Foxy Shazam and Chiddy Bang.
Most of the metal releases were under the I.R.S. Metal sub-label.