Welcome to the Electronic Arts 2018 Annual Meeting of Stockholders. My name is Jake Schatz. I'm EA's General Counsel and Corporate Secretary. First, I would like to cover the agenda for today. We will start with the official business of the meeting, then Blake Jorgensen, our COO and CFO, will give a short presentation followed by a Q and A session.
During this meeting, we may make forward looking statements about future events or the future financial performance of the company. Actual events or results may differ materially. We refer you to the company's most recently filed Form 10 ks for a discussion of risk factors that could cause our actual results to differ materially from those discussed today. Now, I'll turn the meeting over to Andrew Wilson.
Thanks, Jake. Good afternoon, and welcome to the Electronic Arts 2018 Annual Meeting of Stockholders. Before turning to the formal items of business, I would like to introduce the members of the Board of Directors, Executive Officer and a few others who are here today. Would you stand up when I call your name? In addition to me, the Board of Directors with us today are Larry Probst, our Chairman Luis Rubenas, Chair of the Nominating Governance Committee and our Lead Director Rick Simonson, Chair of the Audit Committee Len Coleman Jeff Huber Talbot Roche and Heidi Ubaroff.
Each of our current directors has been nominated for and has consented to serve for a 1 year term. The biographies and qualifications can be found beginning on Page 6 of your proxy statement. The members of our executive staff joining us today are Blake Jorgensen, Chief Operating Officer and Chief Financial Officer Laura Mihele, Chief Studios Officer Ken Moss, Chief Technology Officer Chris Bruzzo, Chief Marketing Officer Joel Lindsner, Executive Vice President, Worldwide Business Affairs Mala Singh, Chief People Officer Matthew Bilby, Executive Vice President of Strategic Growth Ken Barker, Chief Accounting Officer and Jake Schatz, General Counsel and Corporate Secretary. I would also like to introduce Lisa Munro and Gary Falzon from KPMG LLP, the company's independent auditors. They'll be available during the Q and A session if you have any questions.
Jake Schatz, who has been appointed Secretary of this meeting, will now conduct the formal business of the meeting. If you meet the voting requirements and have not yet voted, please now with Andrew Wilcox from Broadridge Financial Solutions, who has been appointed as Inspector of Elections. Mr. Wilcox is sitting at the proxy table in the back. He will hand you a ballot to vote on the matters to be considered at this meeting.
A list of VA stockholders as of the record date, June 8, 2018, has been available at the company's headquarters for the past 10 days and is available for examination by any stockholder present today or by any proxy holder representing a stockholder. A copy of the notice of this meeting and a declaration of the mailing to each stockholder record as of the record date also is available for inspection. I'm advised by the Inspector of Elections that a total of 265,297,926 or over 86% of the outstanding shares eligible to vote are present in person or by proxy. A quorum is present and the meeting is authorized to transact business. It is 2:0:3 p.
M. And the polls are open. Proposal 1 is the election of the 9 members for a term of 1 year. The Board has nominated the following participants to vote for each nominee: Leonard Coleman, Hoag, Jeffrey Huber, Lawrence Probst, Talbot Roche, Richard Simonson, Luis Ubinas, Heidi Huberoff and Andrew Wilson. Proposal 2 is an advisory vote on the compensation of the company's named executive officers.
Proposal 3 is the ratification of the appointment of KPMG as the company's independent public registered for fiscal year 2019. The Board of Directors voted for each of Proposals 23. If you have already voted, you do not need to cast a ballot unless you wish to change your vote. The proxy holders will vote your shares as indicated on your proxy. If anyone has requested to vote by ballot, please mark your ballots now and give them to the Inspector of Elections.
It is now 2:0:5 p. M. The polls for voting are now closed and no further proxies or ballots may be accepted. I've been advised by the Inspector of Elections that over 86 percent of the shares outstanding were voted by proxy and counted prior to the meeting. A majority of the votes cast either in person or by has been voted for each of the 9 nominees for Director and Proposals 23.
This now concludes the formal business meeting. I declare the 2018 annual meeting of stockholders. We now will move on to a short presentation by Blake Jorgensen followed by Q and A period. Blake?
Welcome to the stockholders meeting. We have a couple of stockholders in the room, but I am sure listening in many more stockholders. I appreciate stockholders who visit us each year. Some have been here many years and this is new. But thank you for coming, and I get the chance to see the management team and the Board, which is one of the greatest teams I've worked with, management team and an unbelievable Board to work with.
Let me talk a little bit about the business, and then we'll answer any questions. But what I'd say before I jump into the numbers is what you just saw were little snippets of what's to come for this year. Today, Madden, it looks better every year, and this year, it probably looks better than it ever has looked before. 2nd, saw some FIFA. This year, we have the champion.
Haven't had the Champions League for over 10 years and now we have the Champions League back in. We have all the most important leagues and it is the reason why FIFA remains the largest and most engaged video game in the world. 3rd, we have some real excitement around Battlefield coming in October and then next February, one of the first and big IPs we've had in years, Anthem from our BioWare Studios, and you got to see a little bit of that there. Much more to come on all those games as well as all of our other exciting games like NBA and hockey and everything great coming from EA, both small and large. You're going to find it to be an exciting year.
We've continued the great performance that we've seen over the last 5 years, and we think this will be another great year. As you can see, we've had pretty consistent net revenue growth, net bookings growth and most importantly, to shareholders operating cash flow. It's allowed us to build a very strong base of capital in the company. We have over $5,000,000,000 in cash. And with the new tax laws in place, we have full access to all that offshore.
And we continue to believe that we will have operating cash flow generation opportunities. We see this as one of the greatest industries we have in now. It's unbelievable with what's going on in entertainment, the opportunity to stretch that entertainment broader and broader to people through mobile, through PC and through console and eventually through streaming to people's devices or TVs without the need of a console or a PC. And that will continue to open up gaming to a much, much broader audience. There is very few industries, I think, that are going through the transformation that we're going through that are as exciting as they are today.
We're going to continue to see more and more digital business. Our business today is 68% digital, but only 40% of our games are being purchased upfront digitally. There's still a long ways to go into digital transformation, which continues to help us improve our profitability. So a great opportunity for us and a great way for us to move forward into the future and increase the profitability of the business. I think all of you know the franchises that we have, continuing to add franchises and continuing to build off of the strength of our sports franchises and our Battlefield and other franchises within the organization.
And today, we are now in the midst of starting to really drive our subscription business. We have a subscription business on Microsoft's Xbox, EA Access, and we also have a similar subscription business inside of Origin, Origin Access. And 2 days ago, we started what's called Origin Access Premier, where if you subscribe, you not only get all of the games that we have in our catalog, but you get the games that are coming out before they even come out to the public. So Madden has been in that subscription already for 3 days. People have been able to play it, and FIFA will come out, Battlefield and Anthem will all get a chance to come out on PC in that subscription business.
So for our $15 a month or $99 a year, you have access to all of our games in the subscription. And we believe, just like most media has evolved, subscriptions plus streaming will be the future of the business. So with that, I'll take any questions the audience once again. Well, thank you very much. I appreciate it.
And we appreciate you as shareholders and we look forward to seeing you again next