Once you head up the curved stairs to enter the club proper, turn around to spot this Kinetoscope next to a vending machine.
After battling Fink's selection of minions in the main area, all the doors will unlock. In the back middle of the lower area is a newly opened hallway. At the end, you'll find this Kinetoscope.
After stepping through the tear, start making your way out of the club. When you reach the entrance lobby, note that the Kinetoscope is now on the other side of the vending machine. That's because this is a different one.
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