Icon Productions LLC's headquarters were established in Santa Monica, California, before opening branches in Sydney, Australia, and in the UK, and expanding into the business of film distribution.

[citation needed] Unlike most other independents, Icon financed most of its development and packaging costs internally, mainly by Gibson, allowing it to retain creative control of projects through production.

Gooder moved to Los Angeles (Santa Monica) in 2006 to manage production, acquisition, and distribution operations there.

[9] In February 2008, it was reported that screenwriter Benedict Fitzgerald was suing Mel Gibson, along with Vicki Christianson, Icon Productions, Icon Distribution, Marquis Films, and Airborne Productions, for defrauding him of millions of dollars, as well as incorrectly taking co-writing credit for the screenplay of Passion of the Christ.

[16] In late 2012, Icon Entertainment International re-acquired a majority of the Producers Sales Organization library from Lionsgate.

[18] In August 2012 Mark Gooder left Icon, after being appointed president of acquisitions and Australian operations for The Weinstein Company.

[9] In September 2017, after a string of box office bombs back in 2016, Icon Film Distribution UK was put up for sale by New Sparta.

[19] In 2017 Icon Productions LLC in the US sued the producer of their film The Professor and the Madman for breach of contract,[20] but on 19 June 2018, Judge Ruth Kwan of the Los Angeles County Superior Court did not allow this, saying that there was not enough evidence.

[21] The 2025 film Flight Risk, a thriller starring Mark Wahlberg, is a co-production between Icon and Davis Entertainment Company.

[22] As of January 2025[update] the business registration of Icon Productions LLC in California shows its founding date as 29 May 1997.