Original Australian Daybill movie poster. Time Bandits is a 1981 British fantasy film co-written, produced, and directed by Terry Gilliam, and starring Sean Connery, John Cleese, Shelley Duvall, Ralph Richardson, Katherine Helmond, Ian Holm, Michael Palin, David Warner, and Craig Warnock. Terry Gilliam wrote the screenplay with fellow Monty Python alumnus Michael Palin, who appears with Shelley Duvall in the small, recurring roles of Vincent and Pansy. The London-based independent company was backed in part by former Beatle George Harrison, who wrote and performed the closing credits song "Dream Away" especially for this film. He is credited, together with Denis O'Brien, as being one of the executive producers of the film.