Ehhh... I also heard from somewhere that cutting costs can also be a detriment in video games as well. There definitely has to be a balance to that sort of thing.
He's right that development costs are getting higher and expensive with gaming. The next game could potentially be overly ambitious as you'll probably want more budget to realize vision. The more expensive things get, the harder it is to get it fully realized because it just gets costly over time. Being a video game dev or director/producer in a big ass company is starting to sound more miserable by the year lol.