Amazon Calls for E-Book Price Cuts Amid Hachette Dispute

Amazon.com Inc. said its dispute with Hachette Book Group is part of an initiative to lower digital-book prices and boost income for authors.

Sales of titles go up when prices are lower, according to data from its Web store, Amazon said in a statement yesterday. The Seattle-based company proposed that revenue from an e-book should be split 35 percent to the author, 35 percent to the publisher and 30 percent to Amazon.