Ever since Marvel vs. Capcom: Infinite was announced, there has been a lot of discussion on who may not make it into the game (either on launch, or as DLC) due to Marvel’s complicated relationship with Fox. For the most part, people have assumed that anyone related to the Fantastic Four or X-Men — which Fox holds the movie rights to — would likely not make it into the game.
However, it seems we can know who specifically cannot be used. The folks over at the r/MvCI subreddit have picked up on an article that Bleeding Cool ran last May on a list of restricted characters, that Marvel has sent out to sketch artists for trading cards. Now while the list is for trading cards, it’s highly likely that the restrictions here match those for video games as well.
The list itself is pretty broad and comprehensive, covering various properties, including those which Marvel either licenses from other companies or has shared ownership of (e.g. G.I. Joe, Red Sonja). What’s of more interest for Marvel vs. Capcom: Infinite are those which Marvel fully owns, but are still restricted. This includes the entirety of characters related to the Fantastic Four, including villains such as Galactus, Doctor Doom, and Super Skrull. Meanwhile, some X-Men related characters are also included, but not all of them. Popular characters such as Magneto, Cyclops, and Wolverine, and more are not on the list, while other characters such as Gambit and Apocalypse are.
Take note that the copy of the list that was acquired dates from March of 2016, and that it may have also changed since then.
Head on over to Bleeding Cool to check out the whole list.