The story
The noun is a blend of music + the letters ak from Kodak, a well-known brand in 1934 when the word was coined by the American inventor, scientist, and soldier George Owen Squier (1865–1934), who developed the original technical basis for the service. The verb is derived from the noun.
First known use, by meaning
- from 1934 Recorded background music characterized by soft, soothing instrumental sounds which is transmitted by wire, radio, or recorded media (originally on a subscription basis) to doctors' offices, shops, and other business premises.
Etymology from Wiktionary, CC BY-SA 4.0.