Yes, but in 2019 ... Are you continuing the project?
Officially the MKHD Team is currently working on a non-MK related fighting game project. We've received funding through my company Eyeballistic, Inc. and we're really excited to share more about that project with you when the time is right. I know to many this is disappointing news.
Once our project is released, we'll have a fighting game in our portfolio along with proven online game play technology to demonstrate to WB once and for all that we're the right team to do an MK remake. So I haven't given up on the dream yet. But we need at least one released title to prove to these guys that we're a legitimate development team instead of some random internet super fans.
This is a long way off from happening though since our current project is only 4 months into development. Also we'll need the support of the MK fan community on our independent project if we're ever going to have a shot at doing the remakes.
Our team are still MK fans and will keep hope alive at our chance to do the remake until WB tells us we have to stop: