Universal has fireworks during the summer months. I don't know if they do anything special on July 4th. Here's a little info from their website about the Universal 360 fireworks show:
Quote:
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Through the unique "Cinesphere" technology you'll experience the sights and sounds of some of Hollywood's biggest films projected onto huge spheres in the Universal Studios lagoon, plus one of the largest laser displays in Florida, dazzling pyrotechnics and more.
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Blue Man Group at Universal Orlando Resort
scroll down to the bottom of the page for the Universal 360 info.