A partnership between the International Olympic Committee (IOC), the United States Olympic Committee (USOC) and NBCUniversal has led to the regionalised Channel’s development.
"It is one of the major milestones of our Olympic Channel evolution when we come with a linear channel launch in the USA in partnership with our wonderful partners," Mark Parkman, general manager of the Olympic Channel, said
"This is the next step in what we have envisioned to be a global digital platform that takes it to a more localised level here in the States in partnership with NBC and the USOC to give people an amazing content experience through global content origination, the live events that NBC will have, the events that the USOC will have."
The Channel is expected to reach more than 35 million homes and will include Olympic-themed original content produced by all three parties.
This will include programmes produced by the Olympic Channel, archival footage from both the IOC and NBC’s libraries of Olympic features and documentaries.
There will also be original Team USA programming produced by USOC which has promised to provide "authentic, wide-ranging and athlete-focused coverage of the Olympic Movement in the US".
The new linear cable channel will be available to most subscribers of Altice, AT&T DirecTV, Comcast, Spectrum, and Verizon at launch.
It will also be available on streaming services, including DirecTV Now, Fubo, Hulu, Sony PlayStation Vue and YouTube TV.
The Channel opened with a launch special, a 30-minute programme hosted by NBC Sports' Mike Tirico.
It included an athlete round-table with Olympic medallists Shaun White, Kelly Clark and Gus Kenworthy.
The round-table will be moderated by Olympic figure skating gold medallist Tara Lipinski.
"The hurdle that I'm excited about that we can clear is that when you see people compete at the Olympics, win or lose, you get this lull and gap in time when you don’t know what they are up to or what they are doing," said White, a two-time snowboard halfpipe gold medallist.
"Then, all of a sudden, you see them again and you think, 'Oh, I guess they didn’t retire.'
"I am very excited about having a channel to display all those things that I have been up to, and my competitors, I'm sure, will feel the same way."
A preview of the World Aquatics Championships and World Athletics Championships, which will supply significant programming during the network’s first few weeks, will also take place.
In 2009 USOC attempted to create its own Olympic Network channel but was met with criticism and the plans were eventually shelved.
The IOC and its then President Jacques Rogge were so outraged that it was claimed Chicago's bid for the 2016 Olympic and Paralympic Games suffered as a result.
The USOC had worked for nearly three years on constructing a network, which would have given access to about 10 million homes.
USOC leaders claimed it would increase interest in the Olympic Movement and act as a complement to NBC.