Which just shows how out of control Hollywood is, if Creed is $50mil and considered a lower budget. Look at Green Room (a good film) and it's $5mil budget. Shot well, acted well, good effects (old school), directed well. But it seems that the mainstream movies are just outrageously frivolous with their cash. They'll spend millions to use CGI when classic FX can produce a better result.
For big budget movies a lot of times CG is actually more cost effective. Building big sets and hiring tons of extras is both expensive and time consuming. A lot of times for those really cheap movies very few people get paid well, or at all in some cases. CG also makes it possible to do thing that models and actors in costumes simply can't. Force Awakens is a really good example of mixing a lot of practical effects with CG but that's a $250m movie, Abrams basically had an unlimited budget to play.