Here there is news in the upcoming Mortal Kombat 3.
Here it says that Mortal Kombat 3 Devastation (The Movie) well it will be a sequal to the first film. It will continue the story of the first film.
http://en.wikipedia.org/wiki/Mortal_Kombat:_Devastation
And here is an interview.
http://mk3movie.mortalkombatonline.com/
After many a mixed-bag of rumours, Moviehole can confirm that filming on the third film, title "Mortal Kombat : Devastation", will begin in May.
Essentially skipping over the events of the second film, "Devastation" reunites the cast of the original - Christopher Lambert as Rayden, Linden Ashby as Johnny Cage, Robin Shou as Liu Kang, Chris Casamassa as Scorpion with Talisa Soto and Sandra Hess in talks to reprise their roles as Kitana and Sonya Blade, respectively - with the remaining parts being cast as we speak.
The film is being developed by Mink ["Into the Sun"] and Threshold Entertainment. The Asst.Producer is Neil James.
I read that this film was supposed to have filmed after Mortal Kombat 2 but as Mortal Kombat 2 did not do so well.
Here is a link to Mortal Kombat 2 if you go to the segual section it will explain what will happen as well.
http://en.wikipedia.org/wiki/Mortal_...on_%28Movie%29