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In Avengers: Endgame we see that:

Loki steals the Tesseract after Tony fails to take it.

Can this action alter the present in the current universe, where they are supposedly dead? What else could be the reason that the scene is included in the movie?

  • Spoiler alert: In short, it doesn't. How/why? Dr. Hulk explains the time travel part and what all it affects in the movie (when they test time-travel for the first time). – Shreedhar Apr 25 at 9:29
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    Remember that he has the Tesseract with him at the beginning of Infinity War, where he dies and Thanos takes it. That closes the loop nicely, I think. – TylerH Apr 29 at 13:52
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I've said this in a few answers now but time travel appears to work in that the characters are not altering their own past but their future... in the past. As such any events that happen in the future past don't affect what had happened in the past past.

That said as The Ancient One explained a way to create a different timeline is to remove an Infinity Stone from its own timeline. As Loki now has the Space Stone it could be possible that he could create a new timeline and survive.

It's worth noting though that Loki is getting a spin off TV series sometime and so this could all just be a set up for that in either an alternate timeline or something similar.

Disney’s new streaming video service needs some heroes, but it’s turning to some former Marvel villains who have been drawn to the light.

Tom Hiddleston’s Loki and Elizabeth Olsen’s Scarlet Witch could each get their own limited series on the platform, which is expected to launch in late 2019, sources confirm to EW.

Entertainment Weekly, Disney's new streaming service to feature Loki and Scarlet Witch shows

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    Banner also warns Cap at the end that if anything goes wrong returning the Stones, it can create alternate realities. If that’s not a set-up to enable Marvel to have as much multiverse-based fun as the market will bear, I don’t know what is. – Paul D. Waite Apr 25 at 14:23
  • That would also explain how Nebula shot her past self and lived to tell the tale. – Stark07 Apr 26 at 13:21
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Have to copy my own answer from Movies & TV Stackexchange

Christopher Markus answered it to Fandango:

Fandango: The Snap did bring back a lot of our favorite characters. Loki, is he kicking around somewhere? And what about Vision?

Christopher Markus: No, I mean we only brought back the people who were effectively disintegrated by the Snap at the end of Infinity War. Anybody who died over the course of the movie through neck-snapping or stabbing or being thrown off a cliff or having a Mind Stone torn out of their head stayed dead.

But Russo and Anthony contradict it, from Business Insider:

Clark: At the end, when Cap brings the stones back in time, does he correct all the timelines that got screwed up? Is there a past Loki still out there?

Joe: The intent was that he was going to correct the past timelines at the point that the stones left.

Loki, when he teleports away with the Time Stone, would create his own timeline. It gets very complicated, but it would be impossible for [Cap] to rectify the timeline unless he found Loki. The minute that Loki does something as dramatic as take the Space Stone, he creates a branched reality.

Anthony: We're dealing with this idea of multiverses and branched realities, so there are many realities.

But I will probably go with Russo as Loki is going to appear in his own TV series soon on Disney+ but we need to wait and watch.

  • The Time Stone was taken from the reality where Loki steals the Tesseract so Markus' explanation can still hold true. My own theory is that the Loki TV series will end with reality being destroyed as Steve puts the Stones back. – TheLethalCarrot May 10 at 10:16
  • @TheLethalCarrot added a bit – Ankur Rathee May 10 at 10:17
  • "Loki, when he teleports away with the Time Stone, would create his own timeline." Doesn't Loki steal the Space Stone only? The more the Russos do interviews the more I question how much they actually know about their own film... – TheLethalCarrot May 10 at 11:18
  • @TheLethalCarrot They are done with MCU, what left is interviews to mess up – Ankur Rathee May 10 at 12:38
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It's all going to come down to what plans they have for the character moving forward. If they want to use him in future films, they can save him / bring him back any number of ways. As others have mentioned, they are planning a Loki TV series, but there's no knowing when it takes place, or how much Hiddleston's version of Loki will be in it. It could be about Kid Loki, or She-Loki, and Hiddleston may only narrate, or appear in a cameo.

We know that Loki appears in Endgame - there's a couple of photos. But all signs point to this being a Loki from the past, most likely from the events of the first Avengers movie.

So there's a possibility that Loki could gain (and retain) knowledge about the events leading up to his death, and could make plans to survive.

It's also possible that when they undo the Snap with the Gauntlet (the basic version of the most likely end of the film), they might roll back further than the moment of the Snap itself. They may be able to save all the people on the Asgardian ship, including Loki.

And it's also possible that Loki never died in the first place in Infinity War, but just faked his death, as he has so many times before.

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    “We know that Loki appears in Endgame - there's a couple of photos” — there’s also the movie itself, now in theatres! (Worldwide release schedule minutiae notwithstanding.) – Paul D. Waite Apr 25 at 14:24

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