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Live Events supports up to 10000 viewers, 4 hours event duration and 15 concurrent events. During Covid-19 period this been extended to support more viewers, longer events and more concurrent events. This period is now extended until December 31st, 2021.

Extended limitations includes:

  • Event support for up to 20,000 attendees
  • 50 events can be hosted simultaneously across a tenant
  • Event duration of 16 hours per broadcast

Limits and specifications for Microsoft Teams – Microsoft Teams | Microsoft Docs