LOS ANGELES — Next week's Hollywood fundraiser for President Joe Biden, his first in-person soiree here since the end of the entertainment-industry strikes dried up the traditional wellspring of campaign money, is expected to draw big-name donors spending as much as nearly $930,000 each in support of the Democratic leader's bid for reelection.
Biden, first lady Jill Biden and House Speaker Emerita Nancy Pelosi will address the gathering of the glitterati whose hosts include directors Steven Spielberg and Rob Reiner, producers Shonda Rhimes and Peter Chernin and former studio chief Jim Gianopulos on the evening of Dec. 8, according to an invitation obtained by the Los Angeles Times.
In addition to Hollywood elites, other luminaries who are leading the effort includes billionaire businessman and unsuccessful Los Angeles mayoral candidate Rick Caruso, former ambassadors, tech leaders, corporate honchos and prominent attorneys.
"No one's leaving anything to chance in this election cycle," said veteran Democratic consultant Sue Burnside. "People were trying to be respectful to the workers and not undermine their efforts to get a living wage. ... But now that the strikes have been resolved, they see an opportunity to put some of that studio money to good use getting Democrats elected."
California and the entertainment industry have been a financial bedrock for both parties, but more so for Democrats, who received nearly two-thirds of the $43.7 million that television, movie and music industry employees donated to presidential campaigns and outside groups in 2020, according to an analysis of Federal Election Commission data conducted for The Times by the nonpartisan, nonprofit Open Secrets, which tracks electoral finances.
The Hollywood work stoppage hobbled one of Los Angeles' premier industries and left thousands without work, and had ripple effects that hurt businesses throughout the region, from dry cleaners and florists to restaurants and newspapers. Writers struck for 148 days and actors for 118 days this year over disputes about pay, benefits, streaming revenue and the use of artificial intelligence.
The strikes also had a major effect on political fundraising. Donors in these industries contributed $5.4 million to federal campaigns in the first nine months of 2023, according to Open Secrets' analysis. Four years before, in the same time period in a presidential election cycle, they had contributed $24.6 million.
Democrats including Biden, Vice President Kamala Harris and other party leaders avoided raising money from their longtime Hollywood boosters for multiple reasons. They would have almost certainly had to cross a picket line, anathema to liberal voters. Also the big-dollar donors couldn't be seen writing large checks during negotiations with the unions.
Next Friday's event is taking place at an undisclosed location in Los Angeles, part of a multi-day Biden swing in Southern California. It may be reminiscent of the star-studded fundraiser where then-President Obama raised nearly $15 million at a Wolfgang Puck-catered reception at actor George Clooney's house in 2012.
Donors can contribute up to $929,600 to the Biden Victory Fund, a joint fundraising committee that metes out contributions to the president's reelection campaign, the Democratic National Committee and state Democratic parties, according to the invitation.
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