Millionaire Disney heiress says she's pulling funding to Democrats until Joe Biden exits the 2024 race

• President Joe Biden is facing stiff opposition from some high-profile Hollywood donors.

• Heiress Abigail Disney told CNBC she is ending Democratic donations until Biden ends his 2024 bid.

• The statement comes a day after Netflix cofounder Reed Hastings said Biden needs to step aside.

President Joe Biden is facing stiff opposition from some high-profile Hollywood donors a week after his disastrous debate performance against former President Donald Trump.

Millionaire heiress Abigail Disney told CNBC on Thursday that she will stop donations to the Democratic Party "until they replace Biden at the top of the ticket."

"Biden is a good man and has served his country admirably, but the stakes are far too high," Disney, a longtime Democratic donor, told the outlet. "If Biden does not step down, the Democrats will lose. Of that, I am absolutely certain. The consequences for the loss will be genuinely dire."

In 2024 so far, Disney has given more than $50,000 to left-leaning political groups, according to Federal Election Commission records.

Her statement comes a day after Netflix cofounder Reed Hastings said Democrats should replace Biden at the top of the ticket.

"Biden needs to step aside to allow a vigorous Democratic leader to beat Trump and keep us safe and prosperous," Hastings said in a statement to The New York Times.

Hastings and his wife, Patty Quillin, have been major supporters of the Democratic Party, donating more than $20 million to the party in the last few years.

Earlier Thursday, The Times reported that Biden told a call of Democratic governors that he intends to get more sleep and stop holding events after 8 p.m.

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