Disney CEO Bob Iger officially announced that a "Loki" spinoff series [VIDEO]is being developed, with "Loki" actor Tom Hiddleston set to reprise his role. IGN has reported that the series will be part of their Disney Plus streaming service's original content. The studio has been working at developing original content for the platform's release next year, with a lineup that is expected to include "Scarlet Witch," "Winter Soldier," and "Falcon [VIDEO]."

While Loki died in "Avengers: Infinity War," and have been wondering whether or not the miniseries would take place before or after the events of Infinity War.

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However, Disney has not mentioned any plot details. Iger's announcement during a webcast of Disney's fourth quarter 2018 earnings report. Iger did not say anything about when fans can expect to see the series debut.

Iger also did not mention anything in regards to the status of the "Scarlet Witch" series.

Loki series is overseen by Marvel Studios

The upcoming "Loki" series for Disney Plus will be overseen by Marvel Studios President Kevin Feige, who has said that the shows will be based more on their comic book source material, instead of the live-action films. Feige is promising a show that is familiar and innovative. As Marvel Studios continue to evolve at the end of the MCU's Phase Three, the storytelling format is being tinkered with.

While details are scarce about the Scarlet Witch, it is most likely not as far along in the development process to call for any official announcements. It's also possible Iger is just being cautious about making too many announcements regarding Disney Plus.

'Loki' series leveraging clout of the MCU

This announcement of a Loki based series shows that Disney is continuing to expand their popular Marvel Cinematic Universe to the small screen.

Screen Rant has reported that other popular superheroes who have not received their own standalone movies, could end up with their own series. However, these shows would not feature top-tier Avengers characters who have been the focus of films, like "Captain America" and "Iron Man."

Multiple reports have said that the series would include six to eight episodes and that as a limited series, the shows would not extend past one season. Of course, that could all change based on the popularity of the shows.

It's a perfect move by Disney to leverage the MCU clout, since Marvel's lower-tier heroes like Daredevil, The Punisher, and Jessica Jones, are tied up with Netflix for the time being. This show could help calm MCU fans who were distraught by the outcome of "Avengers: Infinity War."