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The rumor of Josh Hartnett as Loki has officially been debunked as Marvel Studios officially announce that the role of Thor half brother will be played by Tim Hiddleston check out the Official Press Release

Official Press Release

Marvel Studios announced today that Tom Hiddleston has been cast to play the villain Loki in the studio’s highly anticipated movie THOR.Kenneth Branagh will direct the film penned by Mark Protosevich and Ashley Miller & Zak Stentz.

Marvel Studios’ Kevin Feige will produce the film. The film will be released in the US on May 20, 2011 and distributed by Paramount Pictures.

Marvel Studios expands its film universe with a new type of superhero: THOR. This epic adventure spans the Marvel Universe; from present day Earth to the realm of Asgard. At the center of the story is The Mighty Thor, a powerful but arrogant warrior whose reckless actions reignite an ancient war. Thor is cast down to Earth and forced to live among humans as punishment. Once here, Thor learns what it takes to be a true hero when the most dangerous villain of his world sends the darkest forces of Asgard to invade Earth.

THOR reunites Hiddleston with Branagh, with whom he worked on the London production of Chekhov’s Ivanov. The talented actor and Branagh also starred together in the BBC miniseries Wallander.

Hiddleston’s credits also include Othello, in which he starred with Chiwetel Ejiofor and Ewan McGregor at the Donmar Warehouse, and he played Winston Churchill's son in HBO's The Gathering Storm.

In 2008, Hiddleston was nominated twice for the Laurence Olivier Award for Best Newcomer – for his role in Othello, and for his role in Cymbeline. He won the award for the latter.

In addition to THOR, Marvel Studios is also scheduled to release a slate of films based on the Marvel characters including IRON MAN 2 on May 7, 2010, THE FIRST AVENGER: CAPTAIN AMERICA on July 22, 2011, and THE AVENGERS on May 4, 2012.

Hiddleston is represented by ICM and UK agency Hamilton/Hodell. His manager is Jon Rubinstein and attorney is Jodi Peikoff.

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Where you can get the latest news and opinions on Comic Books, Toys and Video Games, Anime and Related Movies