Transferred Compressor Settings Dissapear

I am tranferring all my custom compressor setting from my old iMac running Catalina to my new iMac also running Catalina.

I have copied all the settings from Library>Application Support>Compressor>Settings.

I then pasted them to the same place on the new iMac.

However when I launch Compressor all the settings files that I just copied just disappear.

What could be happening?