Hollywood Ponies Up Big for Obama

Spielberg and Katzenberg Give 1M Each in Stretch Run

7 Figures: Steven Spielberg gave $1 million to a super PAC supporting the reelection of President Obama as the race heads to the finish line.
getty images
7 Figures: Steven Spielberg gave $1 million to a super PAC supporting the reelection of President Obama as the race heads to the finish line.

By Reuters

Published October 20, 2012.
  • Print
  • Share Share
  • Single Page

Democratic donors gave unprecedented amounts of money in September to their party’s three main “Super PACs,” federal disclosures revealed on Friday, a reflection of how wealthy Democrats’ reluctance to give to such groups has faded in the weeks before the Nov. 6 election.

Dreamworks’ Steven Spielberg and Jeffrey Katzenberg gave $1 million each, Politico reported. Other seven-figure donors included media mogul Fred Eychaner, who gave $2 million. Hedge fund manager James Simons gave $1.5 million and businessman S. Daniel Abraham contributed $1.2 million, the site reported.

A fundraising laggard for much of the campaign, the political action committee (PAC) backing President Barack Obama raised more than a rival group backing Republican Mitt Romney, the second consecutive month the Democratic group has done so.

The pro-Obama group Priorities USA Action raised $15.2 million in September, compared with $14.8 million for the pro-Romney group Restore Our Future, according to new filings with the Federal Election Commission.

Restore Our Future, a formidable advertising force whose attack ads on Romney’s Republican rivals helped him secure the party’s presidential nomination, began the crucial month of October with $16.6 million in cash on hand.

On Saturday, Priorities’ filings are due to reveal its cash on hand and donors for September.

Republican PACs have invested far more in advertising than Obama’s backers, spending $84.1 million since Sept. 10 alone, according to a Reuters analysis of disclosures through Oct. 18. Democratic-aligned groups spent $23.1 million in that time.

Early this year, many Democratic donors were reluctant to donate to PACs supporting their party’s candidates because they disliked the idea of contributing to attack ads and other negative advertising - a staple of spending by groups known as “Super PACs” because they have no limits on how much they can raise and spend.

In recent months, fundraising for Democratic PACs has accelerated to counter the waves of anti-Obama and anti-Democratic ads from Republican groups.

Priorities in September received $2 million from founder of Newsweb Corp Fred Eychaner; $1.5 million from billionaire hedge fund manager of Renaissance Technologies Corp James Simons; and $1 million each from film director Steven Spielberg, DreamWorks Animation SKG Inc CEO Jeffrey Katzenberg and New York lawyer David Boies Jr, according to filings.

The group had $7.3 million in cash on hand at the end of last month, Saturday’s filing showed. Spending nearly three times less than Priorities in September, Restore Our Future started October with $16.6 million.


The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • The Jewish bachelorette has spoken.
  • "When it comes to Brenda Turtle, I ask you: What do you expect of a woman repressed all her life who suddenly finds herself free to explore? We can sit and pass judgment, especially when many of us just simply “got over” own sexual repression. But we are obliged to at least acknowledge that this problem is very, very real, and that complete gender segregation breeds sexual repression and unhealthy attitudes toward female sexuality."
  • "Everybody is proud of the resistance. No matter how many people, including myself, disapprove of or even hate Hamas and its ideology, every single person in Gaza is proud of the resistance." Part 2 of Walid Abuzaid's on-the-ground account of life in #Gaza:
  • After years in storage, Toronto’s iconic red-and-white "Sam the Record Man" sign, complete with spinning discs, will return to public view near its original downtown perch. The sign came to symbolize one of Canada’s most storied and successful Jewish family businesses.
  • Is $4,000 too much to ask for a non-member to be buried in a synagogue cemetery?
  • "Let’s not fall into the simplistic us/them dichotomy of 'we were just minding our business when they started firing rockets at us.' We were not just minding our business. We were building settlements, manning checkpoints, and filling jails." What do you think?
  • PHOTOS: 10,000 Israel supporters gathered for a solidarity rally near the United Nations in New York yesterday.
  • Step into the Iron Dome with Tuvia Tenenbom.
  • What do you think of Wonder Woman's new look?
  • "She said that Ruven Barkan, a Conservative rabbi, came into her classroom, closed the door and turned out the lights. He asked the class of fourth graders to lie on the floor and relax their bodies. Then, he asked them to pray for abused children." Read Paul Berger's compelling story about a #Savannah community in turmoil:
  • “Everything around me turns orange, then a second of silence, then a bomb goes off!" First installment of Walid Abuzaid’s account of the war in #Gaza:
  • Is boredom un-Jewish?
  • Let's face it: there's really only one Katz's Delicatessen.
  • "Dear Diaspora Jews, I’m sorry to break it to you, but you can’t have it both ways. You can’t insist that every Jew is intrinsically part of the Israeli state and that Jews are also intrinsically separate from, and therefore not responsible for, the actions of the Israeli state." Do you agree?
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.