It's become very apparent that the Internet has been taken over by viral videos of amazing events and strange creatures. Not the virus has infected Television in the form of back-t--back half hour episodes of Lost Tapes.
The budget: what budget? The effects and acting are the result of dollar-store film work, and the so-called "experts" have very little to say about the story. However, the show isn't about the science; it's about the thrill, the scare, and that it supplies well. If what you want to see is something that actually examines cryptozoology, avoid this like the plague; if you ant a scare, I would recommend this. It actually does its job: it provides cheap, fast entertainment with a sprinkling of actual facts.