Chrysalis Group was a UK media company that was founded by Chris Wright, chairman, and Terry Ellis. Wright was named in Sunday Times Rich List 2009 of the 1,000 richest persons in the UK. Previously having interests in television, books and radio, Chrysalis now focuses on the areas of music publishing, music recording, artist management and entertainment product distribution. The music branch includes The Hit Label, Echo and Papillon Records. Blue Raincoat Music bought most of Chrysalis from Warner Music in May 2016. In August 2019, Reservoir Media Management acquired Blue Raincoat.