and for the life of me can not get the Transcoder license to work. The Wowza server license I am using is the one I got from them for the trial period.
Emailing support Wowza has yielded no tangible results and Dev Pay with AWS is not an option since it does not include the Transcoder Option. My final idea was to just buy a streaming engine license by the month but could not find anyplace within that process to purchase the transcode option.
The AMI automatically comes with a lesser license with no transcoding options.
If you've already gone here:
http://www.wowza.com/pricing/trial and gotten a developer license, which comes with one free transcoding channel, then you have to add that license onto the server. You can do this through the engine manager, or by replacing the Server.license file in the conf folder.