The City of Malibu does not host an Independence Day fireworks display but the LA County Fire Department issues permits for professional fireworks displays to be launched from barges off the Malibu coast each year.
As of Jun 29th, the following permits have been issued for 2016 fireworks displays:
Saturday, July 2: 21600 block of Pacific Coast Highway (between Carbon Canyon and La Costa)
Monday, July 4: Paradise Cove
Monday, July 4: Broad Beach - Malibu Colony
Displays are scheduled to begin at approximately 9 PM and must conclude by 10 PM.
Updates/changes at www.malibucity.org/CivicAlerts.aspx?AID=379.