Honestly, Universal really doesn't do much. This past year they didn't do anything at IOA and at the Studios they handed out hats & horns and did their normal Cinematic Spectacular show with a countdown at midnight and maybe a few extra fireworks. it really wasn't anything to write home about. And since most of the show takes place on the water/water screens, the viewing areas are pretty limited. So if you're looking for fireworks and a spectacle, you'd be better off at Disney. Just be prepared for crowds.