First off I'm an Avast User and not Avast Team member.
The svchost.exe is a commonly used (and misused) system application. Because it is a system application it has relatively high permissions but it can be misused by malware.
The IP address is somewhat strange a whois check on the IP indicates it "is located in Stockholm, Stockholm County, Sweden."
Why this would be a streaming service used by MS is strange (are you in or near Sweden ?). Given the tail piece of the URL being detected is cacheHostOrigin=dl.delivery.mp.microsoft.com so it could be legit (I just don't know).
Though this google search returns many hits some related, but not clear why. Some of the hit appear to be related to "HTTP, Used to download operating system patches, updates, and apps from Microsoft Store".
You could try reporting it to Avast for investigation:
- Reporting a Possible False Positive File or Website -
https://www.avast.com/false-positive-file-form.php.
You should get a response in a day or two.