The supposed origin behind this series was an issue of
Arcadia magazine in which there were articles covering both
The King of Fighters '98 and
Street Fighter Alpha 3, both of which were released at around the same time. Readers had misread the cover, which said
KOF vs. SF, to mean that there was a fighting game that would pit characters from
Street Fighter and
The King of Fighters. Because of this uproar, Capcom and SNK supposedly[
by whom?] signed a deal that would allow them to produce only two fighting games concerning both franchises in
1999 (the
Card Fighters series (see below) were not fighting games and therefore were exempt from the rule). It is highly suggested[
by whom?] that
SNK vs. Capcom: SVC Chaos was only made in order to fulfill the contract obligations that SNK made prior to the company filing
bankruptcy and their eventual closing in
2000. Also, if one company was the main creator of one game, the distributing company would gain the profits and not the company that licensed the characters for use (although SNK gave the rights to use the SNK characters to Capcom for the first
Capcom vs. SNK game, SNK did not profit from the game, which did not help their financial problems). There were interviews with SNK that it would be possible to renew their contract with Capcom to make new
SNK vs. Capcom games,
[1] but in another interview, both companies stated that they would not do any further collaboration with each other.
https://en.wikipedia.org/wiki/SNK_vs._Capcom
https://en.wikipedia.org/wiki/SNK#Bankruptcy_and_Playmore_Corporation_(2001–2003)