In this study, the nonlinear vibro-acoustic dynamics and stability of doubly-clamped axially moving cylindrical shell are investigated. The exterior surface of the shell is in contact with fluid and subjected to oblique incident plane sound wave. Donnell’s nonlinear shallow shell theory is used to derive the nonlinear partial differential equation of the cylindrical shell for the radial motion. The Galerkin method is employed to discretize the equations of motion into the set of coupled nonlinear nonhomogeneous ordinary second order differential equations. Considering both driven and companion modes, Multiple Scales Method is used to obtain the response of the system. The effects of sound level, incident angle and axially velocity on the frequency response of the system are studied. The results show that, with increase in the shell velocity transmission loss of the circular shell increases. In addition, at low shell axial velocities simultaneous excitation of the driven and companion modes occurs.