Did you like Kevin Tancharoen's Mortal Kombat: Legacy web series? New Line Cinema evidently did, as it's hired Tancharoen to direct a new film based on the bloody franchise. So, to sum up, that one self-produced "Rebirth" short got Tancharoen a job first as a web series director, and now on a feature film. The movie will reportedly feature a more "realistic" version of the Mortal Kombat characters, like the dead ninja who controls fire and the monk with the razor-sharp hat.
I did enjoy the series (though I'm still a bit iffy on the Raiden episode), so I'd say this could be one to look out for.