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IMDB says it was 70 million, while the Halo wiki says 10 million. I would believe the Halo wiki, since if it did in fact cost 70 million, then the money was thrown away.
Forward Unto Dawn did more with less. 343 either needed to get the money to do it right, with all the computer effects of practical models and puppets, or else do what FUD did and tell a story that didn't need an expensive production.