They do the Fireworks at IoA very rarely. The last time I was there when they were doing them was on the last day of Mardi Gras, and I saw them right before the parade started from Universal. I think they should have them nightly, just like DIsney does because it would be another show, but then again, their fireworks are terrible anyway.
The show seemed to be a rip off of Illuminations 2000, and sort of told the story of how the world was created. The fireworks in the show were nothing good or unusual, and the use of lasers was very slim. Next door at Universal has a slightly better show, but it's still not great.
I think they should change the IoA fireworks to tell the story about how IoA was created, since so few people know the backstory of the park.