Only the host is licensed so the question is where will the 2016 guest machine reside?
Some general info
- Each host needs to be licensed.
- A minimum of 8 core licenses is required for each physical processor and a minimum of 16 core licenses is required for each server.
- Core licenses are sold in packs of two.
- Standard Edition provides rights for up to 2 Operating System Environments or Windows Servers containers with Hyper-V isolation when all physical cores in the server are licensed. For each additional 1 or 2 VMs, all the physical cores in the server must be licensed again.
- DataCenter Edition provides rights for unlimited Operating System Environments or Windows Servers containers with Hyper-V isolation when all physical cores in the server are licensed.
http://download.microsoft.com/download/7/2/9/7290EA05-DC56-4BED-9400-138C5701F174/WS2016LicensingDatasheet.pdf
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