High Quality Content by WIKIPEDIA articles! The Intercontinental Releasing Corporation (IRC), was an American film company, primarily involved in the production and distribution of films and television programs. IRC was founded in September 1974 as the larger film studios` grip on domestic and international distribution diminished. From its Los Angeles offices the company expanded into other areas of media entertainment but remained focused on domestic and foreign film distribution. However, IRC periodically produced feature films, which were released under its own banner.