Update: In an interview with ComingSoon.net, Tancharoen confirmed that New Line is rebooting the franchise and revealed it is being planned for a 2013 release.
Original article follows below
New Line has hired Kevin Tancharoen to direct a new adaptation of the classic 1990s fighting game Mortal Kombat.
Tancharoen was the director of the very successful short film Mortal Kombat: Rebirth and the 10-part online web series Mortal Kombat: Legacy. Oren Uziel, who wrote the short film, is back to write the film.
Source: Heat Vision | THR