This is KCBS Radio's daily Tech and Business Report. Today, KCBS Radio news anchor Holly Quan spoke with Bloomberg Entertainment reporter Lucas Shaw.

Apple is looking to cut its spending on original content for its Apple TV Plus streaming service. The move comes as Netflix is extending its lead over its competitors, reporting millions of more subscribers and raising its forecasts. 

You can hear our tech and business report weekdays at 12:30 pm on KCBS Radio and for more, tune into Bloomberg Technology weekdays at 8 am.