This paper investigates the stability of thin viscoelastic liquid film flowing down on the inner surface of a rotating vertical cylinder by means of the long wave perturbation. After proving the insufficiency of the linear model in characterization of certain flow behaviors, a generalized nonlinear kinematic model is then derived to represent the physical system. This model is solved through the following procedure. In the first step, the normal mode method is used to characterize the linear behaviors. The amplitude growth rates and the threshold conditions are characterized subsequently and summarized as the by-products of the linear solutions. In the second step, a nonlinear film flow model is solved by using the method of multiple scales to characterize flow behaviors at various states of sub-critical stability, sub-critical instability, supercritical stability, and supercritical explosion. The modeling results indicate that with the increase in the rotation speed and the radius of cylinder R, the film flow system will be more stable.