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“Left in the dust” is an English idiom that means that someone or something has been left far behind or left out while others have made significant progress. It can also mean that someone or something is no longer important or relevant because others have surpassed them.
Think of a car race. One car zooms ahead and its tires kick up a cloud of dust. One car is far behind and caught in the cloud of dust that the first car produced. That’s what it feels like to be left in the dust.
Many entertainment companies like Disney, Warner Media, and Paramount fear being left in the dust in the streaming age. They know how to produce content, but they were afraid they would lose out to big streamers. So they created their own streaming services.