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Old news. And the fact that the Battlefag Earth director is helming it pretty much seals that it may end up being worse than Annihilation.
Nothing at all to get excited about, especially since it's been going so slow I doubt it'll ever even get made.
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This isn't old news, it's official--new.
http://mk3movie.mortalkombatonline.com/ This site has been posting updates of it for months now.
It will get made, but it doesn't have a studio yet. New Line no longer owns the rights to it, and Theshold
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