Yes, the meeting record storage has been changed. The change of storing Teams meeting recordings from Classic Stream to OneDrive and SharePoint (ODSP) has been completed as of August 30th, 2021. All recordings are now stored in ODSP.
For non-channel meeting, it is stored in a folder named Recordings in the OneDrive for Business of the user who clicked record.
Example: recorder's OneDrive for Business/Recordings
For channel meetings, it is stored in the Teams site documentation library in a folder named Recordings.
Example: Teams name - Channel name/Documents/Recordings
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