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Many Popular 90s and 2000s series like Rurouni Kenshin Got Dub OPs and EDs. Why they no longer made?

Probably the biggest reason is that the Japanese record labels that produced these theme songs don't want them covered up. They want them to have as much exposure as possible.

The last, and possibly the biggest factor, is the Japanese producers. Back in the 90s, when communication between Japan and the American publishers was pretty limited, the dub teams could get away with a lot of things, and simply went ahead with their work without any input or permission from the show's licensors. Nowadays, the licensors closely scrutinize pretty much every aspect of the show's release. Very very little slips through the cracks.

While there are exceptions, generally the show's original music team does not want a team of people they've never met from a foreign country mucking about with their songs. If the music is part of a strategy to promote real-life musicians (and it often is, especially with idol shows like Love Live!), then the dubbed version of the show is useless for that purpose. If the management company or agency of those musicians happens to be on the production committee, then forget it! That music is sacrosanct, and nobody is ever allowed to touch it, ever.