Yves Guillemot, CEO of Ubisoft, has recently predicted that games for the next generation of video consoles will cost upwards of $60 million to make.

Now, there is no word on when Microsoft, Sony or Nintendo will release their next generation consoles but Guillemot says since playing next gen games will be like playing one of today’s CGI movies its no wonder that the cost will be so high.

To put this into perspective, games for the Xbox 360 and Playstation 3 cost between $20 million and $30 million to make with the Wii costing much less. With games currently priced at $50 and $60 is it safe to assume games of next generation will cost $100 and $120? Let’s hope not but it would make sense if Guillemot’s predictions prove true.

Read (CNBC)