I remember this movie we saw in the theatres, when I was a little kid. All I can remember is: there were three little kids... a boy and a girl, and another boy from the 'magical' land they were in...

The first boy had like a magic sword and a cape that would make him invisible, and the boy from the magical land played the pan flute...

The only real part I can remember is the three kids running through the woods, and the first boy's invisible cloak gets torn a little on a tree... it was like harry potters cloak... one side is invisible, but later on, the bad guys chasing them run by, and see the piece of torn cloak.

Yeah I know, not much to go on hehe...

But if any of you know... PLEEZE TELL ME!

It would mean the world to me and my brother

The only movie I know that has a character with an invisible cloak is "The Land of Faraway." That one's about 2 boys though, and doesn't have a girl in it. Does this sound right?