New Line is planning a new Mortal Kombat movie, according to Deadline. The new film will be written by Oren Uziel and directed by Kevin Tancharoen, who self-produced an unauthorized Mortal Kombat short that ultimately led to this production. The short, Mortal Kombat: Rebirth, was an eight minute live action Mortal Kombat story (embedded here). As a result of the short (which was leaked online), Warner Premiere commissioned a 10-episode Web series, which went up on YouTube this year. The Web series got a strong enough reaction (we saw a copy of the first episode with over 14 million views) that New Line put the movie deal together. 
New Line parent Warners acquired the assets of Midway Games, which owned Mortal Kombat, out of bankruptcy in 2009 (see “Warners Gets Mortal Kombat”).