I'm not sure what you're asking, exactly. I don't know about screenplays, but the best way to find out what sort of approach they use is to read some.
As for novels, yes, I've read a few fantasy novels in third person (limited) present, though I've run across more present tense novels in first person. The approach is more common in YA than in adult, though I've read plenty of recent YA novels in past tense as well, and even a few in omniscient third. I can't recall seeing an omniscient third pov done in present. The point of present tense is to make the story feel more immediate and in the moment, something that omniscient narratives are generally not shooting for. Never say never, though.
Overall, I tend to prefer past-tense narratives in any viewpoint (though it feels more comfortable to me in first than in limited third), but that's because past tense was very much the norm when I was growing up. I feel it's possible to write a deep, "in the moment" feeling narrative (in first or third) that is in past tense. However, when present tense is done really well, I often don't notice it right away. It just feels like the right way to tell the story and doesn't call attention to itself.
If you haven't read a lot of recent fantasy or SF that's in third-person, present tense, maybe that's because it's not a very popular approach. Or maybe it's because your tastes don't lie in that direction. I think present tense is more commonly used in first-person, and it's fairly popular in YA fantasy. I'd suggest you pick a narrative viewpoint that feels natural for you, that's similar to the approach used by your favorite authors, because if you try to force something you haven't read a lot of (just because someone has told you it's the "done thing" these days), it may not work very well.