You can replace the existing license key with the new license key @muthu kumaran:
To add or change license keys in Wowza Streaming Engine Manager, do the following:
- Click the Server tab, and then click Server Setup in the contents panel.
- On the Server Setup page, click Edit.
- In the License Keys box, enter your license key for Wowza Streaming Engine. If you need to enter multiple license keys, enter each license key on a separate line.
- Click Save, and then click Restart Now at the top of the Server Setup page when prompted. The new license(s) take effect after the server is restarted.