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Lair and Uncharted both costed 20 million to make. Uncharted people made the engine from the ground up.... Gears of War cost 10 million to make. Epic used the Unreal Engine for that saving them money. Doubtful LBP was anywhere near 20million. (these games are considered to have high budgets. I doubt MM has a high budget for a very small studio and no previous work to show)

IMO 8mil to make the game.