Waterfall Press: Amazon’s Venture into Religious Publishing

Just saw this story in Publisher’s Weekly daily email:  Amazon Publishing Launches Christian Imprint.  According to the story, they will publish both fiction and non-fiction under the “Waterfall Press” imprint. It sounds like some of their publishing will be in collaboration with Christianity Today.  This, and the selection of Tammy Faxel, who has been associated with Tyndale House and Oasis Audio, to give editorial oversight suggest an evangelical editorial bent for this imprint.

Waterfall Press

A thought and a couple questions:

The thought: creating this imprint marks a recognition by the behemoth of Amazon that evangelical publishing is a significant market segment. Joining forces with Christianity Today gives them instant “street cred” in a broad segment of the evangelical community.

One question: what will this mean for other evangelical publishers, particular those not backed by larger corporate resources (as is the case for example of Zondervan with Harper)?

The other question: given Amazon’s financial heft, what will be the long-term editorial shape and theological bent of this imprint?

What do others think about Amazon’s movement into this new venture in the world of Christian publishing?