In this paper, we demonstrate a dynamic holographic display in a quantum dot (ZnS/InP) doped liquid crystal device, where one of the interior cell surfaces is covered by a ZnSe layer. Such a hybrid device shows substantially improved photorefractive sensitivity of 2.2 cm3/J, which is almost 300 times larger than that in ZnS/InP doped liquid crystal device without the ZnSe layer. The holographic grating can form at intensities as low as ~0.8 mW/cm2, and exhibit a fast optical response of several to tens of milliseconds. Exploiting the superior performances of photosensitivity and fast response of this device, we obtain dynamic holographic videos of red, green, and blue colors, as well as a reconstructed image of high gray-scale fidelity.