Loki has a tense teamup with Hunter B-15.Marvel Studios
Episode 2 of Loki's self-titled solo adventure on Disney Plus picks up with our favorite God of Mischief after his introduction to the Time Variance Authority's awesome power. The Marvel Cinematic Universe show follows the beloved villain's 2012 self in the wake of his dastardly escape in Avengers: Endgame.div">>Sign up for Disney Plus
Loki (Tom Hiddleston) discovered that another version of him is wreaking havoc across the Sacred Timeline by slaughtering teams of TVA agents and gathering the reset charges they use to maintain the proper flow of time. Agent Mobius (Owen Wilson) recruits him to hunt the variant, reasoning that he can give them insight into the other Loki's devious plan.CNET Culture
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Time to hunt a timeline fugitive in SPOILER territory, in an episode titled The Variant.
After much teasing as the other Loki variant took over one body after another, the episode ends with the revelation that the fugitive is female (British actor Sophia Di Martino). That'll certainly make it easier to tell the Lokis apart, even though the male one seems to be irrelevant to the female one's plans.
"This isn't about you," she tells him.
Lady Loki vanishes into a time portal -- presumably finding a different apocalypse to hide in -- and her male counterpart follows after a moment of indecision, much to the chagrin of Mobius and the other TVA agents. The portal remained open just long enough for Loki to jump in, suggesting Lady Loki wants to continue their chat (the prospect of them having a full scene together is super exciting).
She also knows the location of the Time-Keepers, according to the captive TVA agent, so she might be planning a direct attack on them.
In the comics, the Asgardians were reborn on Earth after Ragnarok, and Loki took on a female form due to his Frost Giant heritage. She claimed to have reformed, but was really up to no good because Loki gonna Loki no matter what their gender.
Loki's gender is also marked as "fluid" in his TVA file, suggesting he can change at will. So Lady Loki probably doesn't have a totally different history from the male one.
MCU Lady Loki is kinda presented as the baddy, but the Time-Keepers are pretty much ruling reality with an iron fist by maintaining the Sacred Timeline and deciding the fates of every being in existence. Maybe she's decided to fight back? The use of Bonnie Tyler's 1984 classic Holding Out for a Hero as she takes down the TVA agents seems like a major clue.
And now you have a killer tune to listen to as you read. Oddly, this is the second time this song has been used in Marvel -- it was in the E3 reveal of the Square Enix Guardians of the Galaxy game on Sunday. Outside Marvel, it also played during Kevin Smith's Masters of the Universe trailer last week.
It's also possible that the lady isn't really a Loki variant -- the episode's foreign market credits say Di Martino plays "Sylvie," not "The Variant." The name and blonde hair have led some fans to suspect we might actually be looking at the MCU version of Sylvie Lushton, aka Enchantress. For simplicity's sake, I'll keep calling her Lady Loki for now.
Lady Loki "bombs the Sacred Timeline" by sending countless stolen reset charges back to various points, apparently creating loads of branches or restoring branches the TVA previously reset. This shattered timeline seems like it'll tie directly into Doctor Strange in the Multiverse of Madness and set up other elements of the MCU's Phase 4, since it creates limitless storytelling potential. Reports suggest it'll play into Spider-Man: No Way Home as well.
I wonder which ones are the various What If realities, the Tobey Maguire and Andrew Garfield Spider-Man universes or the Fox X-Men worlds?
Learning of Ragnarok
Going through the files on his Sacred Timeline self, Loki learns of Asgard's destruction in Thor: Ragnarok. A total of 9,719 Asgardians were killed, but the file doesn't note that a bunch of them escaped to Earth (even though half of those survivors were slain by Thanos and his goons).
Even though it prompts Loki's realization that his counterpart is "hiding in apocalypses," he seems genuinely saddened to see that his home was destroyed. Between discovering that, his adoptive parents' deaths, his reconciliation with Thor and his heroic death at Thanos' hands, it seems like he's developing into the character his Sacred Timeline self became. Or he'll reject that and go his own way.