Disney CEO Bob Iger confirmed that a limited spinoff series based on the MCU's Loki is officially in development for the company's upcoming streaming service, Disney Plus. The studio's new streaming service has been hard at work developing original content for its official release next year, with a lineup that includes characters like Scarlet Witch, Winter Soldier, and Falcon.

Considering Loki and Scarlet Witch's apparent deaths in Avengers: Infinity War earlier this year, it was left uncertain whether or not either of their respective limited series' would take place before or after the current run of the MCU. However, seeing as Disney had yet to even formally announce any of the upcoming shows, creative details were unlikely to surface until the official confirmation was released. That said, Loki's series has finally gotten the official Disney greenlight.

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During a live webcast of Disney's fourth quarter 2018 earnings report, Disney CEO Bob Iger officially announced that a Loki spinoff series was in development, with Loki actor Tom Hiddleston set to reprise his role. However, he did not confirm whether or not the series would be limited, as had been reported, or when fans should expect the series to debut. There was also no confirmation on the status of the Scarlet Witch series or if Elizabeth Olsen would even return for the role.

The upcoming spinoff series' for Disney Plus will be supervised by Marvel Studios President Kevin Feige, who promises that the shows will be more like the comic book source material than the live-action movies. And, though they're still very much in the early stages of development - with some shows still awaiting confirmation - Feige promises an experience that will be both familiar and innovative. So, as Marvel Studios evolves into new mediums on the tail end of the MCU's Phase Three, its storytelling format is also toying with some artistic liberties as well.

While the lack of confirmation regarding the Scarlet Witch series might be concerning for fans, it seems more likely that the show is simply not far along enough in the development process to warrant any official announcements. It's also possible that Iger was cautious about making too many announcements at once following the Rogue One prequel series reveal starring Diego Luna. Either way, though, this confirmation is reason to celebrate for Marvel fans, seeing as high profile MCU characters will eventually get their own shows on the upcoming streaming network.

More: Every Marvel TV Show Coming To The Disney Streaming Service

Source: Disney