Netflix Co-Founder Makes Seven-Figure Donation To Presidential Candidate

Reed Hastings, co-founder and executive chairman of Netflix, is going all-in on Kamala Harris for president.

Hastings wrote a $7 million check for Harris’ presidential campaign.

“The co-founder and executive chairman of Netflix disclosed this substantial contribution during an interview with the tech-oriented website, The Information, on Tuesday,” Chuck Callesto wrote.

“After the depressing debate, we are in the game again,” Hastings said in the interview.

He said it was the largest donation he ever gave to a single candidate.

From The Hollywood Reporter:

Earlier this month, in the aftermath of Joe Biden’s disastrous first presidential debate performance, Hastings went public with his frustrations with the president running for re-election. “Biden needs to step aside to allow a vigorous Democratic leader to beat Trump and keep us safe and prosperous,” Hastings told the New York Times.

Hastings’ comments at the time were part of a growing chorus from big Democrat donors, particularly those from Hollywood, who called on Biden to step aside. Per NYT, Hastings and his wife, Patty Quillin, have donated more than $20 million to the Democratic Party in recent years.

On Tuesday, Hastings tweeted, “Congrats to Kamala Harris — now it is time to win.”

The Information reported that Hastings donated to a Harris-linked super PAC on the recommendation of billionaire venture capitalist and fellow Democratic megadonor Reid Hoffman.

Some X users called on others to cancel their Netflix accounts.

Per Deadline:

Harris secured enough delegates to clinch the nomination on Monday evening. She entered the race shortly after President Joe Biden dropped out. Since then, she has racked up widespread endorsements among Democratic elected officials and Hollywood activists, including George Clooney.

Earlier this month, Hastings had called on Biden to step aside, writing in an email, “Biden needs to step aside to allow a vigorous Democratic leader to beat Trump and keep us safe and prosperous.”

As calls increased for the president to get out of the race, donations slowed from Hollywood and other sectors. But they appear to be picking back up as Harris has re-launched the campaign.

https://en-volve.com/2024/07/25/netflix-co-founder-makes-seven-figure-donation-to-presidential-candidate/