Following two months of reports and speculation, The Walt Disney Company has officially confirmed in a press release that a live-action Loki series set in the Marvel Cinematic Universe is currently in development for their upcoming streaming service, which will be called Disney+. Additionally, it was confirmed that Tom Hiddleston would be reprising his role as Thor's adoptive brother.

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"Disney+ is also assembling a live-action series centered around a fan-favorite character from the Marvel Cinematic Universe," the release reads. "[Disney Chairman and CEO Bob Iger] today confirmed that Marvel Studios is developing a series based on Loki, the god of mischief, to star Tom Hiddleston."

Reports of a new Loki-centric program for Disney's new streaming service have been circulating since September. However, this release marks the very first official confirmation from the company that such a series is, in fact, in the works. That being said, there has still not been any announcement regarding the purported Scarlet Witch series, which is rumored to be in development alongside Loki.

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Elsewhere in the release, Disney also announced that Marvel directors Deborah Chow (Jessica Jones) and Taika Waititi (Thor: Ragnarok) have been enlisted to work on The Mandalorian, Disney+'s upcoming Jon Favreau-helmed Star Wars series. Joining Chow and Waititi will be Rick Famuyiwa (Dope), Dave Filoni (Star Wars Rebels, Star Wars: The Clone Wars) and Bryce Dallas Howard (Solemates).

Moreover, another Star Wars series was confirmed, which will serve as a prequel to Rogue One: A Star Wars Story. The series will revolve around Cassian Andor with Diego Luna reprising his role from the 2016 film.