Live Nation Entertainment is to build an arena in São Paulo, its first venue in the Brazilian city. The 21,000-capacity São Paulo Arena will be developed through a Live Nation-led joint venture with Cidade Center Norte, the planned São Paulo district where it will be located. Live Nation says São Paulo Arena will be Brazil‘s first purpose-built arena designed to the standards of the world’s premier live entertainment venues, and the largest indoor arena for live entertainment in South America. Michael Rapino, Live Nation EntertainmentMichael Rapino, President and CEO of Live Nation Entertainment, said: “São Paulo deserves an arena that reflects the energy, passion and cultural influence of one of the world’s great cities.” In April, a federal jury found that Live Nation and Ticketmaster had illegally monopolized the US ticketing and amphitheater markets.