Reed Hastings Supports Trump’s $100K H1-B Visa Fee as ‘Great Solution’

Netflix co-founder Reed Hastings recently shared his support for President Trump’s decision to increase the H-1B visa application fee for skilled workers to $100,000. In a post on X, Hastings expressed his approval, stating that the higher fee would ensure that H1-B visas are used for high-value jobs, eliminating the need for a lottery system and providing more job certainty.

This unexpected endorsement from Hastings, a notable Democratic donor, comes as a surprise, given his history of supporting the Democratic party. Despite his political affiliations, Hastings praised Trump’s new policy, which went into effect on Sunday, requiring companies to pay the $100,000 visa fee for skilled foreign workers.

The goal of this executive order, according to Commerce Secretary Howard Lutnick, is to encourage American companies to prioritize hiring and training US workers instead of relying on foreign labor. Lutnick emphasized the importance of investing in recent graduates from American universities to fill job positions and reduce the reliance on foreign workers.

In related news, Warner Bros. Discovery CEO David Zaslav is reportedly considering a bidding war for his $40 billion firm, with Paramount Skydance preparing a takeover bid. There are rumors that Zaslav is hoping to gauge interest from Netflix as well, indicating potential shifts in the streaming entertainment landscape.

While Paramount Skydance has yet to officially submit a bid for Warner Bros. Discovery, the proposed offer could value the company up to $24 a share, with a significant portion in cash and stock. This strategic move could potentially reshape the industry and lead to new developments in the streaming entertainment market.

As of now, Netflix, Paramount, Skydance, and Warner Bros. Discovery have not responded to requests for comment on these developments. The evolving dynamics within the entertainment industry continue to captivate audiences and investors alike, with changes on the horizon that could impact the future of streaming services.