The development team is much smaller.
Shuhei Yoshida , President of Sony Worldwide Studios , has revealed that Last Guardian The Last Guardian despite its many years of development, it is not the most expensive games company.
“ No, no. The team is much smaller ” said Yoshida. “The teams in Japan are generally much smaller teams in the United States and Europe … Horizon, for example, has a budget much larger than that of The Last Guardian .”

“It is so small, is much bigger than Ico or Shadow of the Colossus, but not have a budget in the style of US or Europe “.