Netflix saw most cancellations this year after co-founder donated $7 million to Harris campaign: report

According to a report, Netflix saw a dramatic increase in cancellations after co-founder Reed Hastings revealed he had donated $7 million to Vice President Kamala Harris' campaign.

Cancellations on the streaming platform nearly tripled in the US after Hastings made the massive donation to a super PAC supporting Harris' presidential bid, Bloomberg reported, citing researcher Antenna.

Supporters of former President Trump urged conservatives to cancel their subscriptions after Hastings endorsed Harris on X and revealed the large amount of his donation in July.

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Netflix customers reportedly canceled their subscriptions in the same month more often than any other month since February 2024, Bloomberg reported.

The outlet attributed the increase in cancellations to the company's recent announcement that it would phase out its cheapest option.

“But the five-day period following Hastings' endorsement was unusual even for July,” the Bloomberg article says, pointing out that July 26 was the worst day for Netflix cancellations this year. News of Hastings' generous donation to Harris was announced three days earlier.

NEW YORK, NEW YORK – NOVEMBER 30: Netflix founder and co-CEO Reed Hastings speaks during the New York Times DealBook Summit in the Appel Room at Jazz At Lincoln Center on November 30, 2022 in New York City. (Michael M. Santiago/Getty Images/Getty Images)

The longtime Democratic donor was among prominent figures who called on President Biden to resign this summer after his disastrous performance in the debate.

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“Biden must resign so that an energetic Democratic leader can defeat Trump and ensure our security and prosperity,” Hastings wrote in an email obtained by The New York Times.

Hastings, along with his wife Patty Quillin, was a prominent donor to the Democratic Party, particularly in California. In 2021, Hastings donated about $3 million to a committee formed to stop a recall Gov. Gavin Newsom, D-Calif.

In 2022, Quillin was one of many people who donated to a left-wing group hoping to prevent liberal San Francisco District Attorney Chesa Boudin from being removed himself.

In 2018, Hastings reportedly donated $7 million to a political action committee related to charter schools that supported Antonio Villaraigosa, one of Newsom's primary opponents, before Newsom entered the general election. deadline reported.

Democratic presidential candidate U.S. Vice President Kamala Harris speaks during an event at the Cobb Energy Performing Arts Center on September 20, 2024 in Atlanta, Georgia. (Joe Raedle/Getty Images / Getty Images)

It's unclear whether the Harris endorsement has had an impact on Netflix beyond the five-day spike in cancellations. According to Bloomberg, their next financial report will be released in October.

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Neither Hastings nor Netflix responded to Fox News Digital's request for comment.

Fox News' Lindsay Kornick contributed to this report.