AMC Networks Inc., owner of the popular cable AMC Channel, is planning to move its corporate domicile from Delaware and reincorporate in Nevada, joining a growing list of companies abandoning the state.
The AMC news hit just days after Madison Square Garden Entertainment announced it was planning to leave Delaware, a move made by at least 20 major companies in the past year, according to Robert Anderson, a professor of law at the University of Arkansas.
In a recent shareholder notice, AMC Networks Inc. said it sought approval of plans to ‘redomesticate’ from Delaware to Nevada, marking the latest high-profile exit from a state under fire for its left-leaning judicial system.
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