I'm still wondering about the name of the cinema: Winterstein (in English "Winter Stone"). It could be a place name. And then it could be from the actor Eduard von Winterstein (1871-1961). But he is more famous as a theatre actor than a movie actor. And he was still alive, when the cinema was opened. It wasn't usual to name a building after a living person.
The sign above the name was the logo of Junge Pioniere, the East German youth organisation of schoolchildren aged 6 to 14. Under the logo is written: "Unser Vorbild ist die Partei. Wenn sie uns ruft, sind wir bereit! - The party is our ideal. We are ready, when it calls."
I know I'm really late to the party but I just came across an article in the local newspaper Freiheit (issue 11.07.1953, page 5) that included in the news section a short note: "DEM NATIONALPREISTRÄGER EDUARD VON WINTERSTEIN ZU
AntwortenLöschenEHREN wurde in Bitterfeld auf Vorschlag der Bevölkerung ein Filmtheater in „Winterstein-Lichtspiele" umgenannt."
Which verifies your guess.