Video game production costs have risen significantly, posing challenges for developers in both AAA studios and indie scenes. Key expenses include software, art assets, sound design, marketing, labor, and technology, each varying in scale depending on the project's scope. Strategies to reduce costs involve defining game scope clearly, leveraging tools like ElevenLabs for audio production, and adopting agile development practices. ElevenLabs' AI tools, such as text-to-speech and sound generation, offer cost-effective solutions by streamlining processes and reducing reliance on traditional methods, enabling developers to maintain high quality while managing budgets effectively. Additionally, emerging technologies like AI, machine learning, and cloud services, along with shifts in consumer pricing expectations, are reshaping the future landscape of game development, offering avenues for cost reduction and increased efficiency.