The Alliance of Motion Picture & Television Producers withdrew a contentious "recoupment" proposal in the hope of getting the WGA to deal at the bargaining table for a new film and TV contract. AMPTP president Nick Counter said that he no longer seeks to revise current residual formulas to allow studios to recoup certain basic costs before making residual payments in the future. The writers said thank you, sort of. "We welcome that and hope it means the companies are ready to begin serious negotiations," the guild said. "The remaining rollbacks would gut our contract and will never be acceptable to writers." Geez, you're welcome.