Netflix co-founder Hastings gives $7 million to pro-Harris PAC, source says

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July 23, 2024 8:08 PM EDT

U.S. Vice President Kamala Harris speaks during her first campaign event as a candidate for president in West Allis, Wisconsin, U.S., July 23, 2024. REUTERS/Kevin Mohatt

LOS ANGELES (Reuters) - Netflix co-founder Reed Hastings has donated $7 million to a super PAC that supports Vice President Kamala Harris' run for U.S. president, a source close to Hastings said on Tuesday.

The source was confirming a report published by The Information earlier in the day.

It is the largest political donation by Hastings to a single candidate, the publication said.

Hastings congratulated Harris on Monday after she received the support of a majority of Democratic delegates to become the party nominee against Republican Donald Trump in November.

"Congrats to Kamala Harris -- now it is time to win," he wrote in a post on social media platform X.

President Joe Biden stepped aside as the Democratic candidate for the 2024 election and endorsed Harris on Sunday following pressure from Democrats in Congress and donors including Hastings.

Harris' campaign raised $81 million in the 24 hours following Biden's exit, the most for a single day in the 2024 campaign for either party.

Hastings co-founded Netflix in 1997 and stepped down as CEO in 2023. He now serves as executive chairman of the Netflix board.

(Reporting by Lisa Richwine in Los Angeles and Gursimran Kaur in Bengaluru; Editing by Leslie Adler)


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