Royalty collection refers to the process of gathering payments made to creators, such as authors, musicians, and inventors, for the use of their intellectual property. These payments, known as royalties, are typically calculated as a percentage of sales or profits generated from the use of the creator's work. Organizations like ASCAP and BMI help manage royalty collections for musicians by tracking performances and ensuring that artists receive compensation. Similarly, publishers handle royalties for authors, ensuring they are paid when their books are sold or licensed. This system incentivizes creativity and supports the livelihoods of creators.