it takes chances that are bold by studio standards 
(ROOT (S (NP (PRP it)) (VP (VBZ takes) (NP (NP (NNS chances)) (SBAR (WHNP (WDT that)) (S (VP (VBP are) (ADJP (JJ bold) (PP (IN by) (NP (NN studio) (NNS standards)))))))))))
(ROOT (S (NP (PRP )) (VP (VBZ ) (NP (NP (NNS )) (SBAR (WHNP (WDT )) (S (VP (VBP ) (ADJP (JJ ) (PP (IN ) (NP (NN ) (NNS )))))))))))