This video demonstrates how to convert Windows EC2 instance license types from License Included to BYOL (Bring Your Own License) using AWS License Manager. It also shows how to change EC2 instance tenancy from shared to Dedicated host. The presenter, Siavesh Irani, a Solutions Architect at AWS, walks through the process step-by-step, explaining the requirements and reasons for license conversion. He demonstrates the conversion using the AWS Management Console and CLI, highlighting the changes in usage operation codes. The video concludes with instructions on changing instance tenancy to a Dedicated host using AWS CloudShell.