iPhone 6s iTunes backup "not enough free space"
I just set up my new 128GB iPhone 6s, and apparently there's not enough space on my MacBook to back it up. I used to back up my 64GB 5s just fine, and I haven't added any content to my new 128GB 6s, so why won't it back up? I've got at least 8GB of free space on the MacBook.
My question(s) is/are: What is going on here? How much actual hard drive space do I need on my computer to do an iPhone backup (only about 60GB of 128GB actually used, though likely more in the future)? Does the backup duplicate everything (including every file) on the phone? Most of the files on my iPhone are MP3 music files (about 50GB worth, synched with the files already in my iTunes library on my MacBook), so I suspect it might have something to do with that. Does the backup process actually duplicate these MP3 music files and store them again on the computer, somewhere outside the iTunes library?
Short of the usual methods (empty trash, offload media to an external drive, use iCloud backup, use iTunes Music or Spotify to stream music - which I don't want to do) what's a good way to free up space for the iPhone backup? Can I delete old iPhone backups (some dating back six years)?
iPhone 6s, iOS 9.0.1