I too see the animation running too slow. I'm not a fan of this one... particularly because you used sprites straight out of the game that don't make sense and I never liked. I'm refering to the fact that Shang Tsung's lower arms are still magically by his side. Also, there is absolutely no blood coming form his shins after Ermac destroys his lower legs.I don't like how Ermac's life bar is draining from the wrong side. Lastly, you forgot to add how many wins each player has.
Would have been cooler to see you do something with those arms instead of what you had. Also, since other users have mentioned it, right in the middle of the finishing move, the entire thing goes extremely slow.