After much speculation that the husband-and-wife team of Kathleen Kennedy and Frank Marshall would be leaving Steven Spielberg’s Amblin Entertainment, the pair finally made a decision. Kennedy is staying put, and Marshall will become a free agent who likely still will do projects for the company.

Kennedy, who’s Amblin president, and Marshall, also a principal in the company, were being wooed away from Amblin Jeffrey Katzenberg at Disney, Buzz hears. The team produced the Indiana Jones pics, among others, for Spielberg. Marshall made his directorial debut last summer with “Arachnophobia,” and the pair had expressed a desire for more freedom.

Buzz hears Spielberg was so disturbed by the wooing that he presented the pair with a contract and told them if they didn’t sign it, they’d be out in 30 days. This would have precluded them from taking part in the expected humongous payday awaiting the principals of “Hook,” which Amblin is putting together at Tri-Star. Kennedy agreed to stay in place, while Marshall can do other things once “Hook” is done.