I was reading on the unoffical mortal kombat movie 3 page, and it said that in a recent podcast that Ed Boon did with oxm, he mentioned the movie.

Paraphrasing what was said, Ed basically mentioned that many scripts have come through Midway’s doors courtesy of Threshold’s free time, dialogues have broken out and he *mentioned* that a certain script HAD been picked, and that there *could* be discussion going on about shooting locations and preliminary scouting. No other news. I loved how one of the men described the project to be in ‘development hell’, citing that the project most likely doesn’t make it past the tables that guys in suits sit at over lunch. Ed did not dismiss this hypothesis.