Thor 3 is a movie that many people have been eagerly anticipating. There are a few good reasons for that. The first is that the movie’s plot should play a pivotal role in the Marvel Cinematic Universe. It is also going to potentially kill off more than a few characters in the Thor universe itself. We already know who the main villain will be in Thor 3 or Thor: Ragnarok.
The villains name is Surtur, and he is known for being one of the scariest villains in the Thor universe. He is a giant flame demon (over 1000 feet tall) that could quite possibly be the biggest villain in the Marvel Cinematic Universe so far. Normally, he is kept away. But, of course, Loki, will most likely let him out at some point during Thor 3. In the comics, Surtur ends up destroying Asgard, but will initially start wreaking havoc on Earth itself.
Also in the comics, Thor rips off Loki’s head, because he is so mad at him for releasing Surtur. In order to stop Surtur, Thor managed to strike a deal with the giant demon. Thor isn’t actually powerful enough to defeat Surtur. He ends up convincing Surtur to allow him to reforge his hammer. In exchange, Thor allows Surtur to march his army onto Asgard. Surtur was originally imprisoned in Earth’s core by Odin, Thor’s father, which is why he is so angry. There is a rumor that at the end of the Avengers: Age of Ultron, Loki will spark a war between Midgard and Asgard, which will cause the beginning of Thor 3. However, in the Marvel Cinematic Universe timeline, there is still two years between Thor 3 and when Avengers: Age of Ultron, will take place.
There are multiple movies in the MCU which will take place before Thor: Ragnarok releases, and Marvel Studios may choose to promote them instead. For instance, the Doctor Strange movie is supposed to release eight months ahead of Thor 3, and we do not know much about that movie.
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