It is an enterntaining movie, but it is also hilariously anti-feminist
Meet the character of Sonya Blade: One of the three main characters of the movie and one of only two female characters in the entire movie.
She is strong, tough, righteous, and independent. She looks good, but it is clear that the way she looks is not a primary concern. She appears from the get-go as a feminist rolemodel if there ever was one.
We see Sonya Blade in exactly one fight; against Kano. Kano is not just one of the few non-overtly supernatural villians, he is also sterotypically masculine in a very crude way. Sonya beats him - in a perhaps a little too sexualized manner, but let us not get into that.
Then things start to turn silly for our strong female protagonist:
First, Sonya argues that it would be foolish to fight the four-armed monstrosity. They might get hurt. Instead, a man gets to do the job.
Then Sonya is taken hostage by Shang Tsung and is instantly reduced to a damsel in distress. She refuses to fight Shang Tsung, which is good as Rayden flat-out states that Sonya has no chance of winning. This leaves it to her two male counterparts to save her. When they find her, she has been dressed up as a modern Princess Leia sexy slavegirl, and gone is her ponytail.
It is hinted that the only reason that Sonya is even at the tournament is because Shang Tsung willed her to be because he finds her attractive. He is also responsible for her fighting Kano, and he explicitly wants Kano not to hurt her. It is clear that Shang Tsung wanted Sonya to win over Kano.
Basically, the apparently strong and independent woman was not strong or significant enough to get into the tournament on her own, but since Shang Tsung wanted a bride, he manipulated events so that she would (paying Kano to be there, luring Sonya in, and then sacrificing Kano whom he knew to be inferior to Sonya - but not without making sure that he would not actually hurt her).
Sonya is rescued by the men, and peace is restored. In the final scene her slavegirl outfit has been replaced with something more modest, but the hair is still feminine and sexy (in a 1995 way).