Watch: Touching Paul Walker "Fast & Furious" tribute video

Universal Pictures, the studio behind the “Fast & Furious” franchise, has released a touching tribute video to late actor Paul Walker.

Universal Pictures has stopped production on “Fast & Furious 7,” which had been slated for a July 2014 release. The studio announced Wednesday that the film will shut down "for a period of time so we can assess all options available to move forward with the franchise."

Walker died on Saturday of "combined effects of traumatic and thermal injuries" in a car accident, the Los Angeles County coroner said on Wednesday.