Announced last December, the new venture was officially unveiled Wednesday at a news conference disclosing program and distribution details as well as its name and August 1 sign-on date.

WSJ: Pivot, network for millennials, tries to change TV

The new global television program production and distribution division will have a bicoastal presence at Sony Pictures headquarters in Los Angeles, CA and Discovery Communications headquarters in Silver Spring, MD.

FORBES: Move up http://i.forbesimg.com t Move down

The GAO also recommended the Secretary of Defense determine what DOD accountability procedures should apply to the program and ensure sufficient staff, functioning distribution networks, and proper technology are available to meet the requirements.

CNN: Report: Pentagon lost almost 200,000 weapons in Iraq