Hi,
You cannot use the installation media, you will need to download the upgrade iso from cisco.com
http://www.cisco.com/c/en/us/td/docs/voice_ip_comm/cust_contact/contact_center/intelligence_suite/intelligence_suite_1051/install/guide/CUIC_BK_I78DAEF8_00_installation-and-upgrade-guide-for/CUIC_BK_I78DAEF8_00_installation-and-upgrade-guide-for_chapter_01000.html#CUIC_TK_B02C990C_00
New licenses are required from MCS to UCS migrations or when license mac changes, however you can check it with licensing@cisco.com as well.
Manish