FailArmy Channel Approaches 300 Million On YouTube, But Who Are These Ultimate Masters Of The Hilarious Fails Compilation? [VIDEO]

Video compilations of hilarious injuries called "Ultimate Fails" from the YouTube Channel FailArmy have been racking up millions of views in recent months with the channel's total views surpassing 289 million.

A recent 15-minute clip of humorous injuries called "Ultimate Fails Compilation 2012: Best Fails of the Year!" is currently listed as a top video on YouTube. The FailArmy video has received over 24 million views in less than two months.

Other FailArmy titles include "Girls Fails Of The Month" and "Top 10 Funny Pranks of 2012."

But who is FailArmy and where did they come from?

"FailArmy is the worldwide leader in fail video compilations," reads the company's YouTube statement. "FailArmy releases weekly, monthly, and specialty compilations featuring all of the web's funniest fail video content, mashed together just for your guilty viewing pleasure."

ChiWay Entertainment owns FailArmy; a West Hollywood company stared in 2009 by Discovery Channel producer Jonathan Skogmo.

"ChiWay Entertainment was created to be a medium between online video creators and media companies," reads the company's bio. "ChiWay's goal, then and today, is to help reward video creators by taking their content to a larger audience."

The company apparently does this through smaller companies like FailArmy producing YouTube-friendly video content.

"In 2011, ChiWay Entertainment launched its YouTube network which continues to grow at a steady pace," the bio says. "The network features channels as diverse as comedy and funny videos to extreme sports and news outlets. The network has over 500 million total views."

At FailArmy.com, users are encouraged to submit original video content in hope it gets bought for an "Ultimate Fails Compilation."

"Q: What are the chances of my fail getting on the FailArmy's YouTube channel?" reads the only page of the FailArmy website, labeled FAQs. "A: We will only respond to your email if we are interested in buying or licensing your video."

Requests for comment from ChiWay and FailArmy regarding the Ultimate Fails Compilations' YouTube success through email as well as on Twitter and Facebook were not immediately responded to.

But with 995,000 subscribers and nearly 300 million views on the FailArmy YouTube channel, who needs the hype?

Check out FailArmy's "Ultimate Fails Compilation 2012: Best Fails of the Year!" right here:

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