Companies of the Zacks Film and Television Production and Distribution industry like ViacomCBS ( VIAC ), News Corporation ( NWSA ) and Lionsgate ( LGF.A ) are some of the major beneficiaries of the coronavirus pandemic-led demand for media, music and news. The closure of movie theaters, theme parks and cruise lines and restriction on travelling helped drive demand for digital entertainment despite coronavirus-induced production disruption. Moreover, a steady recovery in the advertising spending environment bodes well for film and television production companies.