The ceremony is being held during the daytime at the 68,000-seat New Corinthians Stadium in São Paulo.
The 25-minute flamboyant spectacle will feature more than 600 dancers, gymnasts, trampolinists and stilt walkers, performing alongside a 'living' LED (light-emitting diode) ball.
The ceremony will feature the capoeira, a Brazilian martial art combined with dance and music and Brazilian.
Lopez will perform the song We Are One (Ole Ola), alongside Pitbull and Brazilian signer Claudia Leitte.
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