Alien vs. Predator (also known as Aliens versus Predator and AVP) is a science-fiction/action/horror media franchise created by comic book writers Randy Stradley and Chris Warner. The series is a crossover between, and part of, the larger Alien and Predator franchises, depicting the two species as being in conflict with one another. It began as a comic book series in 1989, before being adapted into a video game series in the 1990s. Produced and distributed by 20th Century Fox, the film series began with Alien vs. Predator (2004), directed by Paul W. S. Anderson, and was followed by Aliens vs. Predator: Requiem (2007), directed by the Brothers Strause, and the development of a third film has been delayed indefinitely. The series has led to numerous novels, comics, and video game spin-offs such as Aliens vs. Predator released in 2010.
The Alien vs. Predator franchise depicts a series of deadly encounters between humanity and two hostile extraterrestrial species: the Aliens, ferocious, endoparasitoid creatures; and the Predators, technologically advanced warriors that hunt and fights against other dangerous life forms for sport and honor. Predominantly transpiring in the present day of the 21st century, the series acts as a spin-off to the Alien franchise and the Predator franchise, portraying mankind's encounters with both alien species and how they shape the human civilization such as the Marines and those involved with Wayland-Yutani that is seen in the Alien franchise of the future.
Throughout the series, audiences see the involvement of the forerunners of the Weyland-Yutani Corporation in the history of these alien creatures as Weyland Industries, headed by Charles Bishop Weyland, seeks immortality and the advancement of the company whereas the Yutani Corporation, headed by Ms. Yutani, seeks to study creatures and technology from space and acquire their technology and weaponry for organized warfare. Amidst the actions of the two corporations, civilian characters are forced to survive infestations of Xenomorphs and clashes with Yautjas, eventually leading to the future merger between the two companies and the development of interstellar wars and travel with other races from space and other advanced technologies.
Source: Wikipedia, "Alien vs. Predator", available under the CC-BY-SA License.