According to the website, Deadline, the show is being developed for Apple's streaming service.
"EXCLUSIVE: Thor: Ragnarok filmmaker Taika Waititi has boarded Time Bandits, the TV series adaptation of the beloved Terry Gilliam-directed movie, which is in development at Apple.
Waititi will co-write and direct the pilot for the potential series, co-produced by Anonymous Content, Paramount Television and MRC. He also will serve as executive producer alongside Gilliam and producer Dan Halsted (People Of Earth)"